Occidental Petroleum Corp. (OXY) said Friday that its board of directors has declared a regular quarterly dividend of a penny a share, payable on July 15 to shareholders of record as of June 15. Friday's news was an update to the energy company's previously announced dividend policy change from March 10, in which Occidental reduced its quarterly dividend to 11 cents a share. Shares of Occidental have lost nearly 70% this year, compared with losses around 6.5% and 12% for the S&P 500 index and the Dow Jones Industrial Average in the same period.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 29, 2020 14:17 ET (18:17 GMT)
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