The ex-dividend date for Occidental Petroleum Corporation (NYSE:OXY) is tomorrow, December 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $73.41 as of 9:30 a.m., the dividend yield is 2.9%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Occidental Petroleum Corporation (NYSE: OXY) is tomorrow, December 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $73.41 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Occidental has been 5.1 million shares per day over the past 30 days. Occidental has a market cap of $59.61 billion and is part of the basic materials sector and energy industry. Shares are down 21.5% year to date as of the close of trading on Tuesday. 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 10.1, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Occidental as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Occidental Ratings Report. See our dividend calendar or top-yielding stocks list. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.