Time to Rethink Occidental Petroleum; Here Are 2 High-Yield Energy Alternatives
Occidental Petroleum (NYSE: OXY) has a big-name shareholder in the form of Warren Buffett's Berkshire Hathaway. That has put the company onto the radar of investors that follow the so-called Oracle of Omaha's every move (which includes most of Wall Street). But just because Buffett owns Oxy, as it is more commonly known, doesn't mean you should. Here are two high-yield alternatives you might want to consider instead.Instead of looking at the story from the glass-half-full perspective, consider the glass-half-empty option with Occidental Petroleum. For dividend investors, that has to start with the dividend. The stock's dividend yield is a somewhat modest 2.5%. While that's higher than the miserly 1.3% of the S&P 500 index, it is below the energy industry average of roughly 3.1%. You could do much better on the income front.Continue reading
Occidental Petroleum (NYSE: OXY) has a big-name shareholder in the form of Warren Buffett's Berkshire Hathaway. That has put the company onto the radar of investors that follow the so-called Oracle of Omaha's every move (which includes most of Wall Street). But just because Buffett owns Oxy, as it is more commonly known, doesn't mean you should. Here are two high-yield alternatives you might want to consider instead.
Instead of looking at the story from the glass-half-full perspective, consider the glass-half-empty option with Occidental Petroleum. For dividend investors, that has to start with the dividend. The stock's dividend yield is a somewhat modest 2.5%. While that's higher than the miserly 1.3% of the S&P 500 index, it is below the energy industry average of roughly 3.1%. You could do much better on the income front.