SLB Limited (NYSE:SLB) to Issue Quarterly Dividend of $0.30

SLB Limited (NYSE:SLBGet Free Report) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of 0.295 per share by the oil and gas company on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, February 11th. This is a 3.5% increase from SLB’s previous quarterly dividend of $0.29.

SLB has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. SLB has a dividend payout ratio of 33.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SLB to earn $3.58 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 31.8%.

SLB Trading Down 0.7%

NYSE:SLB traded down $0.32 during mid-day trading on Friday, hitting $49.00. 38,019,195 shares of the stock traded hands, compared to its average volume of 23,672,318. The stock has a market capitalization of $73.20 billion, a price-to-earnings ratio of 18.92 and a beta of 0.72. SLB has a 52 week low of $31.11 and a 52 week high of $51.67. The firm’s 50 day moving average is $39.90 and its two-hundred day moving average is $36.61. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40.

SLB (NYSE:SLBGet Free Report) last announced its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.54 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, equities research analysts predict that SLB will post 3.38 earnings per share for the current year.

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SLB Company Profile

(Get Free Report)

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.

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Dividend History for SLB (NYSE:SLB)

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