Occidental Petroleum (OXY) Raises Quarterly Dividend 1.3% to $0.77; 5.2% Yield

Occidental Petroleum (NYSE: OXY) declared a quarterly dividend of $0.77 per share, or $3.08 annualized. This is a 1.3% increase from the prior dividend of $0.76.

The dividend will be payable on October 16, 2017, to stockholders of record on September 11, 2017, with an ex-dividend date of September 7, 2017.

The annual yield on the dividend is 5.2 percent.

President and Chief Executive Officer Vicki Hollub said, “Occidental has now increased its dividend every year for 15 consecutive years. The total increase in the annual dividend rate from 2002 exceeds 500 percent.”

“The dividend increase reflects our commitment to growing Occidental’s dividend annually for our shareholders, and our confidence in the company’s financial strength and future performance,” said Board Chairman Eugene Batchelder.

For a dividend history and other dividend-related data on Occidental Petroleum (OXY) click here.

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