Occidental Petroleum’s dividend announcement
On May 3, Occidental Petroleum (OXY) announced a quarterly dividend of $0.77 per share on its common stock. This dividend is payable on July 16 to stockholders of record as of June 11. This would be the dividend payment for 2Q18. The indicated annual dividend rate is $3.08 per share.
For the trailing 12 months, Occidental Petroleum paid a total dividend of $3.07 per share on its common stock. As of May 10, the company’s dividend yield—which measures the trailing-12-month dividend divided by its stock price—stood at 3.66%. On May 10, OXY’s stock closed at $83.86.
Occidental Petroleum’s dividends history
In the last three years, OXY’s dividend payment has increased from $0.72 per share in 1Q15 to $0.77 per share in 1Q18. Per Occidental Petroleum’s press release in May 2018, “Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002.”