- Dividend is 1.20% with Payout is 4.19% => This means, they share 4.19% of profit as dividend.
- This means, for prev close of $56.47, share holder gets $0.68 as dividend, then profit is 0.68*100/4.19 = $16.22 in a year.
- Now, another takeover Permian Basin company and increase in dividend announced
- – If some one buys at $56.47/share now, hypothetically, to make it private, they get $16.22 in a year as profit (ROI=28.72%).
- Looks like why Warren Buffet holds 26% of OXY like he bought AAPL previously.
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