Skip to main content

Market Overview

Brian Stutland Uses Options To Predict Dividend Cuts

Share:

On CNBC's Options Action, Brian Stutland spoke about energy names that could be slashing their dividends.

He explained that the options market is predicting that ConocoPhillips (NYSE: COP), BP plc (ADR) (NYSE: BP) and Occidental Petroleum Corporation (NYSE: OXY) are going to cut their dividends over the next year or year and a half.

Expected cut for ConocoPhillips is 18 percent of its current dividend, while BP and Occidental Petroleum should decrease their dividends 15 percent and 10 percent respectively.

Stutland explained that along with crude oil price, the dividend cuts could be big a headwind for these stocks.

 

Related Articles (BP + COP)

View Comments and Join the Discussion!

Posted-In: Brian Stutland CNBC options marketCommodities Options Markets Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com