OXY Ex-Dividend Reminder - 12/6/13

Looking at the universe of stocks we cover at Dividend Channel, on 12/6/13, Occidental Petroleum Corp ( OXY) will trade ex-dividend, for its quarterly dividend of $0.64, payable on 1/15/14. As a percentage of OXY's recent stock price of $94.26, this dividend works out to approximately 0.68%, so look for shares of Occidental Petroleum Corp to trade 0.68% lower — all else being equal — when OXY shares open for trading on 12/6/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for OXY, showing historical dividends prior to the most recent $0.64 declared by Occidental Petroleum Corp:

OXY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from OXY is likely to continue, and whether the current estimated yield of 2.72% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of OXY shares, versus its 200 day moving average:

Occidental Petroleum Corp 200 Day Moving Average Chart

Looking at the chart above, OXY's low point in its 52 week range is $72.69 per share, with $99.42 as the 52 week high point — that compares with a last trade of $94.54.

According to the ETF Finder at ETF Channel, OXY makes up 7.35% of the Unconventional Oil & Gas ETF ( FRAK) which is trading higher by about 0.1% on the day Wednesday.

In Wednesday trading, Occidental Petroleum Corp shares are currently trading flat on the day.

null

If you liked this article you might like

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

Live From NAPE: Oil and Gas Drillers Excited About $60 Oil

Live From NAPE: Oil and Gas Drillers Excited About $60 Oil

Wynn Stock Tanks Following Sexual Misconduct Allegations Against CEO

Wynn Stock Tanks Following Sexual Misconduct Allegations Against CEO

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall