The revised dividend, which amounts to an annual payout of $1.12 per share, offers a 1.8 percent annual yield based on the company's Monday opening market price of $63.81. Investors looking to capture this payment must be on the books by December 10, as the dividend is scheduled for distribution on January 15.
In section Market Quotes
Occidental Petroleum Increases Quarterly Dividend to 28 Cents
Shareholders of Occidental Petroleum are set for a payout increase as the company lifts its quarterly dividend by 7.7 percent. This move bumps the distribution to 28 cents per share, up from the previous 26 cents, reflecting a recalibration of capital returns for the energy firm.
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