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

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Wednesday, June 3rd will be paid a dividend of 0.17 per share by the oilfield services company on Wednesday, June 24th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Halliburton has raised its dividend 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Halliburton to earn $2.89 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 23.5%.

Halliburton Trading Down 0.6%

Shares of NYSE HAL opened at $42.03 on Friday. The business’s 50 day moving average is $38.88 and its two-hundred day moving average is $33.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. Halliburton has a 1-year low of $19.38 and a 1-year high of $43.59. The stock has a market capitalization of $35.11 billion, a P/E ratio of 23.09, a PEG ratio of 1.85 and a beta of 0.73.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts expect that Halliburton will post 2.32 EPS for the current year.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.