Baker Hughes Company (BKR) to Issue Quarterly Dividend of $0.23 on May 15th

Baker Hughes Company (NASDAQ:BKR) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Tuesday, May 5th will be paid a dividend of 0.23 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, May 5th.

Baker Hughes has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Baker Hughes has a payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Baker Hughes to earn $2.82 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 32.6%.

Baker Hughes Price Performance

Shares of BKR stock opened at $69.12 on Friday. The stock’s fifty day simple moving average is $61.92 and its 200 day simple moving average is $54.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.13 and a quick ratio of 1.77. The firm has a market cap of $68.57 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 2.42 and a beta of 0.97. Baker Hughes has a one year low of $35.83 and a one year high of $70.41.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. The business had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.71 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.Baker Hughes’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, analysts expect that Baker Hughes will post 2.32 earnings per share for the current fiscal year.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.