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Mark R. Hake, CFA

Occidental Petroleum Stock Has Tanked - But It May Hike Its Dividend - Time to Buy?

Occidental OXY Petroleum Barchart Occidental Petroleum Corp Yahoo Finance

Occidental Petroleum Corp (OXY) could hike its dividend in late January or early February. But OXY stock is still well off its highs. Based on its average dividend yield, OXY could be worth over 25% more at $50 per share.

OXY is trading at $39.77 today. That's down from $48.10 on Sept. 29, but up from a recent trough of $38.92 on Dec. 16. Over the last month, it's been treading water.

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