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Mark R. Hake, CFA

Occidental Petroleum May Hike Its Dividend Next Month - OXY Stock Could Rise 22%

OXY Occidental Occidental Petroleum Petroleum

Occidental Petroleum (OXY) is expected to raise its dividend next month, with earnings results on Feb. 19. Based on its average yield over the last two years, an 8% dividend hike could push OXY stock up by over 22%.

OXY is at $50.05 in midday trading on Friday, Jan. 24., up from a recent low of $45.36 on Dec. 19, but down from a high of $51.55 on Jan. 7.

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