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

Halliburton Company (NYSE:HAL) declared a quarterly dividend on Wednesday, November 19th. Investors of record on Wednesday, December 3rd will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, December 24th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, December 3rd.

Halliburton has decreased its dividend payment by an average of 0.0%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. 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 Stock Performance

Shares of Halliburton stock opened at $26.48 on Thursday. The stock has a market capitalization of $22.28 billion, a price-to-earnings ratio of 17.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The business has a 50-day moving average of $24.91 and a 200 day moving average of $22.61. Halliburton has a 12 month low of $18.72 and a 12 month high of $32.57.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.