Halliburton Company (HAL) To Go Ex-Dividend on June 3rd

Halliburton Company (NYSE:HALGet Free Report) announced a quarterly dividend on Thursday, May 21st. Stockholders 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) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Halliburton has increased its dividend payment by an average of 0.2%annually over the last three years and has raised 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 Stock Down 1.1%

HAL opened at $41.50 on Friday. Halliburton has a fifty-two week low of $19.42 and a fifty-two week high of $43.59. The business has a 50-day moving average of $38.99 and a 200-day moving average of $33.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The company has a market capitalization of $34.67 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.82 and a beta of 0.73.

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

About Halliburton

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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.

See Also

Dividend History for Halliburton (NYSE:HAL)

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