Occidental Increases Dividend
July 11 2019 - 12:50PM
Occidental Petroleum Corporation (NYSE:OXY) said today that its
Board of Directors has declared an increase of the company’s
regular quarterly dividend to $0.79 per share. On an annual basis,
the dividend is $3.16 per share at the new rate, compared to the
previous annual rate of $3.12 per share.
The $0.79 per share quarterly dividend will be payable on
October 15, 2019, to stockholders of record as of the close of
business on September 10, 2019.
President and Chief Executive Officer Vicki Hollub said, “The
dividend increase reflects our commitment to growing Occidental’s
dividend annually for our shareholders, and our confidence in the
company’s financial strength and future performance.”
Occidental has now increased its dividend every year for 17
consecutive years. The total increase in the annual dividend rate
from 2002 exceeds 500 percent. Occidental has paid quarterly
dividends continuously since 1975.
About Occidental
Occidental is an international oil and gas exploration and
production company with operations in the United States, Middle
East and Latin America. Headquartered in Houston, Occidental is one
of the largest U.S. oil and gas companies, based on equity market
capitalization. Occidental’s midstream and marketing segment
purchases, markets, gathers, processes, transports and stores
hydrocarbons and other commodities. The company’s wholly owned
subsidiary OxyChem manufactures and markets basic chemicals and
vinyls. Occidental posts or provides links to important information
on its website at oxy.com.
Contacts: Media: Melissa E. Schoeb 713-366-5615
melissa_schoeb@oxy.com or
Investors: Jeff Alvarez713-215-7864jeff_alvarez@oxy.com On the
web: oxy.com
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