Better Dividend Stock: Occidental Petroleum vs. Energy Transfer
Occidental Petroleum (NYSE: OXY) and Energy Transfer (NYSE: ET) are popular income stocks for energy-focused investors. Occidental, also known as Oxy, is a leading oil and gas producer. Energy Transfer is a major midstream pipeline operator.
Occidental pays a forward yield of 2.4%. It cut its dividend during the pandemic in 2020 and kept it unchanged in 2021, but it's raised its payout annually over the following four years. Energy Transfer pays a higher forward yield of 8.3%, and it has raised its distributions for 12 consecutive years.
Over the past three years, Oxy's stock declined 40% as Energy Transfer's stock rallied over 40%. Let's see why Energy Transfer outperformed Oxy -- and if it's still the better buy today.
Source Fool.com
Occidental Petroleum Corp. Aktie
34,91 €
-0,21 %
Leichte Community-Bevorzugung: Occidental Petroleum Corp. mit mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Occidental Petroleum Corp. ein Kursziel von 47 €, was eine Steigerung von über 20% gegenüber 34.91 € bedeuten würde.
