SLB Limited Declares Quarterly Dividend of $0.30 (NYSE:SLB)

SLB Limited (NYSE:SLB) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Wednesday, June 3rd will be given a dividend of 0.295 per share by the oil and gas company on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd.

SLB has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. SLB has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SLB to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 34.9%.

SLB Price Performance

NYSE SLB traded up $1.46 during midday trading on Friday, hitting $56.20. The company had a trading volume of 23,197,333 shares, compared to its average volume of 19,905,951. The company has a market capitalization of $84.44 billion, a PE ratio of 23.71, a P/E/G ratio of 3.73 and a beta of 0.69. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $50.15 and a 200-day moving average price of $43.51. SLB has a twelve month low of $31.64 and a twelve month high of $56.90.

SLB (NYSE:SLB) last released its earnings results on Friday, April 24th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). SLB had a return on equity of 17.45% and a net margin of 9.45%.During the same period last year, the business earned $0.72 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts anticipate that SLB will post 2.67 earnings per share for the current fiscal year.

About SLB

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.