Halliburton Company (NYSE:HAL) Shareholders Set to Receive $0.17 Quarterly Dividend

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Tuesday, November 10th. Shareholders 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 yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 2nd.

Halliburton has increased its dividend by an average of 0.2% per year 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 research 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 Trading Up 3.1%

Shares of Halliburton stock traded up $0.98 during trading hours on Wednesday, hitting $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 stock has a market cap of $27.16 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.02. Halliburton has a twelve month low of $24.92 and a twelve month high of $43.59. The firm has a fifty day moving average of $33.92 and a 200-day moving average of $35.74.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same period in the previous year, the firm earned $0.58 EPS. Halliburton’s revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Halliburton will post 2.33 EPS for the current 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.