Baker Hughes Company (BKR) to Issue Quarterly Dividend of $0.23 on February 27th

Baker Hughes Company (NASDAQ:BKR) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.23 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, February 17th.

Baker Hughes has raised its dividend payment by an average of 0.1%annually over the last three years and has increased 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. Analysts expect Baker Hughes to earn $2.99 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 30.8%.

Baker Hughes Stock Performance

NASDAQ BKR opened at $61.20 on Friday. The company has a fifty day moving average of $51.17 and a two-hundred day moving average of $48.31. The company has a market capitalization of $60.39 billion, a PE ratio of 23.54, a P/E/G ratio of 1.65 and a beta of 0.89. Baker Hughes has a 1 year low of $33.60 and a 1 year high of $62.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Monday, January 26th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.11. The business had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.09 billion. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. As a group, analysts expect that Baker Hughes will post 2.59 earnings per share for the current 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.