Halliburton Company (NYSE:HAL) to Issue Quarterly Dividend of $0.17

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.17 per share by the oilfield services company on Wednesday, December 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 2nd.

Halliburton has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Halliburton has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Halliburton to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.4%.

Halliburton Price Performance

Shares of Halliburton stock traded up $0.87 during midday trading on Wednesday, hitting $32.73. 1,444,027 shares of the company traded hands, compared to its average volume of 12,750,047. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.02. The firm’s fifty day moving average price is $33.92 and its 200-day moving average price is $35.74. Halliburton has a 12 month low of $24.92 and a 12 month high of $43.59.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.58 billion. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. As a group, sell-side analysts forecast that Halliburton will post 2.33 earnings per share for the current year.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well. Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.