WE RECENTLY PURCHASED THE FOLLOWING
OCCIDENTAL PETROLEUM (OXY)
Purchased 5 shares of OXY on 8/6/2015 at $68.00
Total Spent: $340.00
OCCIDENTAL PETROLEUM (OXY)
Purchased 5 shares of OXY on 8/6/2015 at $68.00
Total Spent: $340.00
On Thursday (8/6/15), we pick up 5 more shares of OXY (Occidental Petroleum). With our recent purchase, we now own 15 total shares of OXY in our family's dividend stocks portfolio.
With our purchase of OXY, we added $15.00 in forward dividends to our family's dividend stocks portfolio. This puts our yearly dividends at approximately $3,000/year (excluding our Edwards Jones account) and $3,358/year (including our Edward Jones account).
Since we had already held OXY shares in our family's dividend stocks portfolios (WF and EJ Accounts), the portfolio remains unchanged at a total of 44 different dividend paying stocks/ETFs and also 4 companies that either don't pay a dividend our has currently suspended their dividends.
Our family's dividend stocks portfolio may be found
by clicking on the link below:
We also maintain an extensive list of stock analysis
that can be access through the link below:
We also just started a list of Recent Buys by other bloggers
that can be access through the link below:
HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
Occidental Petroleum (OXY)
P/E: N/A
Payout Ratio (DPS/EPS): 365% ($3.00/$-2.91)
Dividend Yield: 4.36%
12 consecutive years of dividend increases
Last Ex-dividend date: 6/8/2015
Payout Ratio (DPS/EPS): 365% ($3.00/$-2.91)
Dividend Yield: 4.36%
12 consecutive years of dividend increases
Last Ex-dividend date: 6/8/2015
Next Ex-dividend date: approx. - 9/8/2015
Have paid a dividend since: 1975 (40 years!)
Pays a dividend 4 times a year.
Market Cap: 52.5 Billion
52-week high: $100.26
52-week low: $67.30
Purchased Price: $68.00
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 1975 (40 years!)
Pays a dividend 4 times a year.
Market Cap: 52.5 Billion
52-week high: $100.26
52-week low: $67.30
Purchased Price: $68.00
What are your thoughts about my recent purchase?
What are you buying?
Interesting buy with OXY. While many are already heavy in the energy space, OXY is a name that doesn't come up often. Curious to know why you decided to go with this name rather than other more common names in the space.
ReplyDeleteDivHut - Aside from the fact that we already own OXY and saw it as an opportunity to average down our cost basis, we like OXY because it doesn't carry much debt (with a debt-to-equity of .20) and because of their their commitment to invest in the Permian Basin where they can achieve higher production at lower costs.
DeleteThanks for stopping by. AFFJ
Ditto DivHut 's comment. Interesting choice. Not on my watch list - though I am aware of this company due to its presence in Texas.
ReplyDeleteI need to check on this.
D4s
D4S - Do I think that OXY is the best buy in this sector? probably not. I do think they are positioning themselves well to ensure they generate positive returns, even in a low oil price environment. Their commitment to invest in the Permian Basin is a prime example of that. Additionally, we believe they maintain a favorable debt-to-equity ratio. And lastly, being current shareholders did have some part to our decision to buy more shares.
DeleteRegards, AFFJ