Occidental Stock To Go Ex-dividend Tomorrow (OXY)

NEW YORK ( TheStreet) -- The ex-dividend date for Occidental Petroleum Corporation (NYSE: OXY) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 46 cents per share. At a price of $98.12 as of 9:35 a.m. ET, the dividend yield is 1.9%.

The average volume for Occidental has been 5.6 million shares per day over the past 30 days. Occidental has a market cap of $77.87 billion and is part of the basic materials sector and energy industry. Shares are up 0.1% year to date as of the close of trading on Monday.

Occidental Petroleum Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company primarily in the United States. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. The company has a P/E ratio of 12.6, above the average energy industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Occidental as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Occidental Ratings Report.

See our dividend calendar or top-yielding stocks list.

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