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

Halliburton Company (NYSE:HAL) declared a quarterly dividend on Tuesday, November 10th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.17 per share by the oilfield services company on Wednesday, December 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 2nd.

Halliburton has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 4 years. Halliburton has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Halliburton to earn $2.90 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 23.4%.

Halliburton Stock Up 3.1%

Shares of HAL traded up $0.98 during mid-day trading on Wednesday, reaching $32.84. The company’s stock had a trading volume of 1,122,453 shares, compared to its average volume of 12,748,610. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. Halliburton has a 12-month low of $24.92 and a 12-month high of $43.59. The stock has a market cap of $27.16 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76. The company’s 50 day moving average is $33.92 and its 200 day moving average is $35.74.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. Equities analysts anticipate that Halliburton will post 2.33 EPS for the current fiscal year.

Halliburton Company Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well. Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.