SLB Limited (NYSE:SLB) Shares Set to Pay Quarterly Dividend of $0.29

SLB Limited (NYSE:SLB) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.2950 per share by the oil and gas company on Thursday, January 7th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd.

SLB has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. SLB has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SLB to earn $3.19 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 37.0%.

SLB Stock Up 7.0%

Shares of SLB traded up $3.48 on Friday, reaching $53.03. The stock had a trading volume of 19,042,303 shares, compared to its average volume of 15,859,032. The firm has a market capitalization of $78.71 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.44. The company has a 50-day simple moving average of $52.58 and a 200-day simple moving average of $52.15. SLB has a 12-month low of $34.65 and a 12-month high of $60.46.

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, October 23rd. The oil and gas company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $9.45 billion for the quarter, compared to analyst estimates of $9.27 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. Sell-side analysts predict that SLB will post 2.47 EPS for the current year.

About SLB

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.