uploads///OXY Q Pre Dividend

Occidental Petroleum Paid Dividend of $0.76 per Share in January


Dec. 4 2020, Updated 10:43 a.m. ET

Dividend and dividend yield

Occidental Petroleum (OXY) paid its most recent dividend for 4Q16 on January 13, 2017—$0.76 per share on its common stock. For the trailing 12 months, Occidental Petroleum paid a total dividend of $3.02 per share on its common stock.

On February 1, 2017, the company’s dividend yield—which measures the trailing 12-month dividend divided by its stock price—stood at ~4.47%.

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Dividend history

In the last three years, Occidental Petroleum’s (OXY) dividend payment has increased from $0.72 per share in 1Q14 to $0.76 per share in 4Q16. As seen in the chart above, Occidental Petroleum’s dividend yield had increased from 3Q14 to 3Q15, mainly due to the steep decline in stock price.

Occidental Petroleum’s stock price was in a downtrend due to falling crude oil (USO) prices during the same period. When a stock’s price falls, its dividend yield increases.

According to Occidental Petroleum’s October 2016 press release, “Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002.”

Dividend estimates

For 1Q17, Wall Street analyst expects a dividend payment of $0.76 per share. The indicated annual dividend rate is $3.04 per share.

Other upstream players

Due to the steep downtrend in energy prices, many upstream companies have cut back on dividends. In 2016, Energen Corporation (EGN) and Denbury Resources (DNR) announced the discontinuation of their cash dividends on common stock in response to the significant decline in energy prices.

Next, let’s take a look at Occidental Petroleum’s ratings from Wall Street analysts.


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