This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

7 Dividend Stocks Hiking Payouts in February

Stocks in this article: CSCO OXY UPS MMM MA FCX APA

Occidental Petroleum

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Large-cap oil exploration and production company Occidental Petroleum (OXY) is putting in an impressive start for 2012. Already, shares have rallied more than 11% this year, and the firm's 17.4% dividend hike yesterday should help to put more distance between OXY's returns and breakeven. The hike puts Occidental's payout at a quarterly 54 cents per share - that's a 2.07% yield at current prices.

Occidental produces approximately three-quarters of a million barrels of oil each day, production that leaves the firm well shy of the supermajors but puts OXY in excellent position with oil prices skirting triple-digit levels this month. Scale isn't a huge advantage in the oil business -- instead, the cost of pulling crude out of the ground is the key factor that sets a firm apart. Occidental's costs are reasonably low, and stand to potentially get even lower if current exploration efforts pan out as analysts expect.

Meanwhile, with renewed tension in the Middle East threatening a spike in oil prices, natural gas exposure could meaningfully buoy share prices for OXY this year as consumers start substituting one fuel source for another.

With a bulletproof balance sheet and deep net margins, investors should expect OXY to continue hiking its yield going forward.

Occidental, one of TheStreet Ratings' top-rated oil and gas stocks, shows up on a list of 5 Oil & Gas Stocks Headed Higher in 2012.

3 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs