Halliburton Company (HAL) to Issue Quarterly Dividend of $0.17 on June 24th

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Halliburton has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 4 years. Halliburton has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Halliburton to earn $2.93 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.2%.

Halliburton Price Performance

NYSE:HAL opened at $38.76 on Monday. Halliburton has a 12 month low of $19.44 and a 12 month high of $43.59. The stock has a 50 day moving average of $39.50 and a two-hundred day moving average of $34.15. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a market cap of $32.38 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same period in the previous year, the business earned $0.60 EPS. Halliburton’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts expect that Halliburton will post 2.34 earnings per share for the current fiscal year.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.