Dividends
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Occidental (OXY) Boosts Qtr. Dividend by 3.1% to $0.33/Share, Yielding 2.37%
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Occidental Petroleum Corporation (NYSE: OXY) announced today that its Board of Directors has increased the company's quarterly dividend from $0.32 per share to $0.33 per share for an annual rate of $1.32 per share, compared to the previous annual rate of $1.28 per share.
The dividend will be payable on July 15, 2009, to stockholders of record as of June 10, 2009.
With shares of OXY currently trading around $55.78, the dividend now yields 2.37%, up from 2.29% previously.
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