SLB Limited (SLB) to Issue Quarterly Dividend of $0.30 on April 2nd

SLB Limited (NYSE:SLB) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of 0.295 per share by the oil and gas company on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, February 11th. This is a 3.5% increase from SLB’s previous quarterly dividend of $0.29.

SLB has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. SLB has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SLB to earn $3.58 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 33.0%.

SLB Price Performance

NYSE SLB opened at $50.74 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. SLB has a 1 year low of $31.11 and a 1 year high of $51.67. The company has a market cap of $75.87 billion, a PE ratio of 21.41, a PEG ratio of 3.45 and a beta of 0.72. The stock’s 50-day moving average price is $42.88 and its two-hundred day moving average price is $37.72.

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that SLB will post 3.38 EPS for the current 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.