Weatherford International PLC (NASDAQ:WFRD) Raises Dividend to $0.28 Per Share

Weatherford International PLC (NASDAQ:WFRD) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 6th will be paid a dividend of 0.275 per share on Thursday, March 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 6th. This is a 10.0% increase from Weatherford International’s previous quarterly dividend of $0.25.

Weatherford International Stock Performance

Shares of NASDAQ WFRD traded down $1.65 during trading hours on Wednesday, reaching $91.62. 230,916 shares of the stock were exchanged, compared to its average volume of 1,207,693. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 16.59 and a beta of 0.79. The stock’s fifty day simple moving average is $80.59 and its 200 day simple moving average is $69.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.55 and a current ratio of 2.07. Weatherford International has a 52 week low of $36.74 and a 52 week high of $93.79.

Weatherford International Company Profile

Weatherford International (NASDAQ: WFRD) is a global oilfield services company specializing in the development, design and manufacturing of equipment and technologies for oil and natural gas drilling, evaluation, completion and production. The company’s core offerings include well construction services such as directional drilling and wellbore positioning, well completion solutions that encompass sand control and zonal isolation technologies, and production enhancement services involving artificial lift systems and well intervention tools.

In addition to its comprehensive service lines, Weatherford provides a range of drilling optimization and reservoir evaluation products.