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

Halliburton Company (NYSE:HAL) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, March 4th.

Halliburton has raised its dividend payment by an average of 0.2%annually over the last three years and has raised 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 analysts expect Halliburton to earn $2.92 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 23.3%.

Halliburton Trading Up 3.1%

Shares of HAL opened at $34.75 on Thursday. Halliburton has a 12-month low of $18.72 and a 12-month high of $35.55. The firm has a market capitalization of $29.11 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.01 and a beta of 0.77. The firm has a 50-day moving average price of $31.57 and a 200 day moving average price of $26.82. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last posted its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. Halliburton’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. Sell-side analysts forecast that Halliburton will post 2.64 EPS for the current year.

Halliburton Company Profile

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.