Occidental Stock To Go Ex-dividend Tomorrow (OXY)

NEW YORK ( TheStreet) -- The ex-dividend date for Occidental Petroleum Corporation (NYSE: OXY) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $101.56 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Occidental has been 4.4 million shares per day over the past 30 days. Occidental has a market cap of $81.93 billion and is part of the basic materials sector and energy industry. Shares are up 10.5% year to date as of the close of trading on Monday.

Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. The company has a P/E ratio of 12.8, below the average energy industry P/E ratio of 13 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 impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Occidental Ratings Report.

See our dividend calendar or top-yielding stocks list.
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