Friday, August 15, 2014

Why Occidental Petroleum is a Top 25 Dividend Giant (OXY)

Occidental Petroleum Corp (NYSE: OXY) has been named as a Top 25 "Dividend Giant" by ETF Channel, with a stunning $3.56B worth of stock held by ETFs, and above-average "DividendRank" statistics including a strong 2.89% yield, according to the most recent Dividend Channel "DividendRank" report. The report noted a strong quarterly dividend history at Occidental Petroleum Corp, and favorable long-term multi-year growth rates in key fundamental data points.

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The annualized dividend paid by Occidental Petroleum Corp is $2.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/08/2014. Below is a long-term dividend history chart for OXY, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

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