Oxy doubles quarterly dividend.Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Corp. said it has increased its quarterly dividend 22 percent to 44 cents. The Los Angeles-based oil company also announced a two-for-one split of its common stock on Aug. 15 and a buyback Buyback The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may for 20 million pre-split shares. The split will be distributed as a dividend of one stock for each share held and is payable Aug. 15 to shareholders of record on Aug. 1. The dividend is payable Oct. 15 to shareholders of record on Sept. 8, the company said. |
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