- Despite the beaten-down Occidental Petroleum not offering any meaningful dividends, this appears set to change in 2022 and beyond.
- They are generating ample free cash flow and thus deleveraging rapidly with management flagging growing their dividends as a high priority.
- Although positive, they still wish to deleverage and thus their short-term dividends will likely only be modest versus their medium to long-term prospects.
- This means that it would be best for investors to focus on their other yield, being the massive 22% free cash flow yield that foretells immense shareholder returns on the horizon.
- When combined with their continued solid financial results, I still believe that my bullish rating is appropriate.
For further details see:
Occidental Petroleum: The Massive 22% Yield That Foretells Immense Shareholder Returns