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3 years ago

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Occidental to Pay Buffett Dividend in Cash, Signaling Confidence

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Occidental to Pay Buffett Dividend in Cash, Signaling Confidence

(Bloomberg) — Occidental Petroleum Corp. will pay about $200 million in dividends on preferred shares to Warren Buffett's Berkshire Hathaway Inc. in cash rather than common stock, a sign of the shale driller's growing confidence in its ability to manage its debt load.The $2,000-per-share payout on Occidental's series A cumulative perpetual preferred stock will be […]

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Occidental to Pay Buffett Dividend in Cash, Signaling Confidence

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Occidental to Pay Buffett Dividend in Cash, Signaling Confidence

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