Occidental Petroleum Corporation (OXY) To Go Ex-Dividend on June 10th

Occidental Petroleum Corporation (NYSE:OXY) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.26 per share by the oil and gas producer on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, June 10th.

Occidental Petroleum has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 5 years. Occidental Petroleum has a payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Occidental Petroleum to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 30.8%.

Occidental Petroleum Stock Down 3.2%

OXY stock opened at $58.62 on Friday. Occidental Petroleum has a fifty-two week low of $38.72 and a fifty-two week high of $67.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The stock has a market capitalization of $58.14 billion, a price-to-earnings ratio of 36.41 and a beta of 0.17. The business’s fifty day moving average price is $57.77 and its two-hundred day moving average price is $47.79.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. Occidental Petroleum’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that Occidental Petroleum will post 4.54 earnings per share for the current year.

About Occidental Petroleum

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.