SLB Limited (NYSE:SLB) Raises Dividend to $0.30 Per Share

SLB Limited (NYSE:SLBGet Free Report) declared 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%annually over the last three years and has increased its dividend every year for the last 5 years. SLB has a payout ratio of 33.5% meaning its dividend is sufficiently covered by earnings. 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%

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

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

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About SLB

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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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