Baker Hughes Company (BKR) To Go Ex-Dividend on August 7th

Baker Hughes Company (NASDAQ:BKR) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 7th will be given a dividend of 0.23 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 7th.

Baker Hughes has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Baker Hughes has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Baker Hughes to earn $2.90 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 31.7%.

Baker Hughes Stock Performance

Shares of BKR stock opened at $61.73 on Wednesday. Baker Hughes has a 12-month low of $41.96 and a 12-month high of $70.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.09 and a quick ratio of 1.76. The firm has a market capitalization of $61.28 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.93 and a beta of 0.97. The business has a 50 day simple moving average of $59.15 and a 200 day simple moving average of $60.50.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Sunday, July 26th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.13. Baker Hughes had a return on equity of 13.85% and a net margin of 11.17%.The firm had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the previous year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Baker Hughes will post 2.46 EPS 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.