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Occidental Lifts Dividend 17%, Raising Payout For 10th Year

DOW JONES NEWSWIRES Occidental Petroleum Corp. (OXY) raised its quarterly dividend 17%, extending the oil-and-gas company's streak of payout increases to 10 years. The boost, which raises the annual payout by 32 cents to $2.16 a share, will cost the company about $130 million more each year. It brings Occidental's compound annual dividend growth rate over the last 10 years to 15.8%. Many companies have introduced or continued higher payouts to shareholders in recent months to reassure existing investors while luring new ones. "We are confident in our company's financial strength and in our continued solid financial and operational performance," President and Chief Executive Stephen I. Chazen said. "Dividend growth along with rising production and well-above-average returns on capital are the key elements in Oxy's long-term strategy to achieve top-quartile total shareholder returns in our peer group." Shares were recently up 84 cents at $104.64 Thursday. The stock has climbed 12% this year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stock News for Occidental Pet (OXY)
08/06/201511:06:14Statement of Changes in Beneficial Ownership (4)
08/04/201517:34:28Amended Statement of Changes in Beneficial Ownership (4/a)
08/04/201506:35:03Quarterly Report (10-q)
07/30/201508:30:08Occidental Revenue Falls as Commodity Prices Remain Week
07/30/201508:06:42Occidental Revenue Falls as Commodity Prices Remain Week
07/30/201507:17:02Current Report Filing (8-k)
07/30/201507:00:00Occidental Petroleum Announces 2nd Quarter 2015 Results
07/22/201517:29:35Statement of Changes in Beneficial Ownership (4)
07/14/201509:00:00Occidental Petroleum 2nd Quarter 2015 Results to be Announced...
07/13/201517:08:26Statement of Changes in Beneficial Ownership (4)
07/13/201516:44:03Statement of Changes in Beneficial Ownership (4)
07/10/201519:43:50Statement of Changes in Beneficial Ownership (4)
07/10/201518:14:10Statement of Changes in Beneficial Ownership (4)
07/10/201518:13:16Statement of Changes in Beneficial Ownership (4)
07/10/201518:08:42Statement of Changes in Beneficial Ownership (4)
07/10/201514:42:27Statement of Changes in Beneficial Ownership (4)
07/09/201513:44:00Occidental Petroleum Announces Dividend
06/26/201516:18:45Annual Report of Employee Stock Plans (11-k)
06/23/201516:24:23Current Report Filing (8-k)
06/19/201517:29:58Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)

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