Baker Hughes Company (NASDAQ:BKR – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.23 per share on Friday, November 20th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, November 10th.
Baker Hughes has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. Baker Hughes has a payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Baker Hughes to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 31.6%.
Baker Hughes Stock Up 3.6%
Baker Hughes stock opened at $47.87 on Friday. Baker Hughes has a twelve month low of $44.26 and a twelve month high of $70.41. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $47.52 billion, a PE ratio of 16.51, a P/E/G ratio of 2.28 and a beta of 1.07. The firm’s 50 day moving average price is $56.92 and its two-hundred day moving average price is $60.03.
Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.74 billion. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. Baker Hughes’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, research analysts predict that Baker Hughes will post 2.56 EPS for the current fiscal year.
Baker Hughes Company Profile
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides products and services to the oil and gas industry and other industrial markets. Its offerings include equipment and services used across the energy value chain, from exploration and production to transportation and processing.
The company also develops turbomachinery, industrial equipment, digital technologies and solutions for energy and industrial applications. Its portfolio includes technologies designed to support more efficient operations and lower-emissions energy systems.
Baker Hughes serves customers around the world.
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