$Occidental(OXY)$ Summary
John's retirement accounts generated a total of $1,958.89 of dividend income for April 2022 vs. $1,673.88 of dividend income for April 2021.
John's Traditional IRA had a balance of $362.5K as of April 30, 2022, vs. $323K on April 30, 2021. The estimated annualized yield is 4.72%.
John's Roth IRA had a balance of $218.3K as of April 30, 2022, vs. $202.9K on April 30, 2021. The estimated annualized yield is 4.25%.
April had a strong showing with seven companies that increase their dividend.
OXY's dividend increase is something investors have been anxiously awaiting, and it looks like management is putting its money where its mouth is.
Investment management. Portfolio diversification.
Olivier Le Moal/iStock via Getty Images
What's Up With Occidental Petroleum?
Occidental Petroleum Corp. (OXY) was one of the worst-performing stocks in the portfolio no less than six months ago. Their poor performance was influenced by a number of factors, including poor oil pricing and high use of leverage to make the Anadarko acquisition possible.
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Additional disclosure: This article reflects my own personal views and I am not giving any specific or general advice. All advice that is given is done so without prejudice and it is highly recommended that you do your own research. This article was written on my own and does not reflect the views or opinions of my employer.
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