Is Occidental Petroleum Dividend Safe?

On September 9, 2021, ccidental Petroleum Corporation (OXY) will begin trading ex-dividend. On October 15, 2021, the company will pay a cash dividend of $0.01 per share. The cash dividend is payable to shareholders who acquired OXY before the ex-dividend date. OXY has paid the same dividend for the sixth quarter in a row. The dividend yield is.16 percent at the current stock price of $25.66.

Is Occidental Petroleum in trouble?

As a result of the pandemic, Occidental Petroleum’s revenues fell 14% from $18.9 billion in 2018 to $16.3 billion in 2020, as demand fell and benchmark prices fell. In 2019, OXY’s balance sheet was weighed down by $28 billion in long-term debt as a result of the Anadarko acquisition. As a result, the company’s annual interest expense of more than $1 billion has a negative impact on shareholder returns. Furthermore, the drop in oil demand reduced OXY’s asset base by 25%, resulting in $11 billion in impairment costs in 2020. The company’s finances will improve if the asset disposal plan is carried out successfully and operating cash flows increase.

Early to mid-March 2020: Fears of a rapid spread of the coronavirus outbreak become reality, with the number of patients increasing globally.
May-June 2020: Demand recovers, with lockdowns gradually lifted – no need to fear, despite a continuous increase in the number of cases.
Since late 2020: Market mood has been buoyed by continuous improvement in demand and progress with vaccine development.

While the business intends to keep a sensible capital investment plan in place, as well as divestitures, Trefis believes the stock could see further downside as benchmark prices fall as a result of growing OPEC+ supply in the second half of the year.

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What’s the story behind Trefis? For CFOs and finance teams, see how it’s enabling new collaboration and what-if scenarios | Product, R&D, and marketing teams

Is Annaly Capital Management dividend safe?

High dividend yields are common among real estate investment trusts (REITs), and Annaly Capital Management (NYSE:NLY) is one such stock with a yield that appears high but is actually relatively safe and reasonable.

How much debt does Occidental Petroleum have?

The figure below, which you can click to enlarge, indicates that Occidental Petroleum had debt of US$37.2 billion at the end of June 2021, down from US$40.2 billion a year earlier. On the other hand, it has US$4.57 billion in cash, resulting in a net debt of US$32.6 billion.

How Strong Is Occidental Petroleum’s Balance Sheet?

According to Occidental Petroleum’s most recent financial sheet, the company has obligations of $9.59 billion due within a year and liabilities of $52.1 billion due after that. On the other hand, it had US$4.57 billion in cash and US$3.29 billion in receivables due in the next year. As a result, its liabilities exceed its cash and short-term receivables by $53.8 billion.

The shortfall here weighs heavily on the $24.8 billion corporation, as if it were a youngster suffering under the weight of a large backpack stuffed with books, sports equipment, and a trumpet. As a result, we believe that shareholders should keep a careful eye on this one. If Occidental Petroleum’s creditors demanded repayment, it would almost certainly require a massive re-capitalization. When it comes to debt analysis, the balance sheet is definitely the place to start. But, more than anything else, future earnings will decide Occidental Petroleum’s capacity to maintain a strong balance sheet in the future. So, if you’re curious about what the experts say, this free study on analyst profit estimates might be of interest.

Occidental Petroleum lost money on an EBIT basis during the past 12 months, and its revenue fell by 11% to US$20 billion. That is not what we expected to see.

Caveat Emptor

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How often does Occidental Petroleum pay dividends?

For 1c, the dividend will be exempt for 11 days and paid in two months. The previous Occidental Petroleum Corp. dividend was 1c, which was declared three months ago and paid one month later. The dividend cover is roughly 0.9, and there are normally four dividends each year (excluding specials).

What does occidental make?

Polyvinyl chloride resins, chlorine, and caustic soda are among the chemicals produced by Occidental Chemical Corporation. Chemicals are provided by the company for the manufacture of plastics, medicines, and water treatment chemicals.

Who owns Occidental Chemical Corporation?

In the short term, Annaly Capital Management appears to be a safe and low-risk investment, but profits, book value, and dividends may be lower than they are now in 5 or 10 years. As a result, NLY isn’t unduly risky, but it’s also not a very safe buy-and-hold investment, as the company’s history has demonstrated.

Is nly a safe investment?

Non-dividend distributions are typically treated as a return of capital, lowering the tax basis in a shareholder’s stock. Non-dividend distributions are recognized as capital gain income if a shareholder’s tax basis has been lowered to zero.

How are nly dividends taxed?

According to Dividend Channel’s most recent “DividendRank” assessment, nnaly Capital Management Inc (Symbol: NLY) has been named a Top 10 Real Estate Investment Trust (REIT). NLY shares have both attractive value metrics and outstanding profitability metrics, according to the research. By comparison, the average stock in Dividend Channel’s coverage universe yields 3.1 percent and trades at a price-to-book ratio of 2.7, while NLY’s latest share price of $9.22 reflects a price-to-book ratio of 1.0 and an annual dividend yield of 9.54 percent. Annaly Capital Management Inc has an excellent quarterly dividend history, as well as favorable long-term multi-year growth rates in key fundamental data areas, according to the research.