Weatherford International PLC (WFRD) to Issue Quarterly Dividend of $0.28 on December 3rd

Weatherford International PLC (NASDAQ:WFRD) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.2750 per share on Thursday, December 3rd. This represents a $1.10 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 6th.

Weatherford International Stock Down 1.5%

WFRD opened at $87.70 on Wednesday. Weatherford International has a 12 month low of $68.49 and a 12 month high of $113.15. The company has a 50 day moving average of $85.08 and a 200 day moving average of $92.86. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61. The company has a market cap of $6.36 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.83.

Weatherford International (NASDAQ:WFRD) last released its quarterly earnings results on Tuesday, October 20th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Weatherford International had a net margin of 8.64% and a return on equity of 22.39%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company earned $1.12 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, sell-side analysts expect that Weatherford International will post 5.57 EPS for the current year.

Weatherford International Company Profile

Weatherford International plc is an energy services company that provides equipment, technology and services to the oil and natural gas industry. Its offerings support the life cycle of a well, from drilling and formation evaluation to completion, production, intervention and abandonment.

The company’s product and service portfolio includes drilling systems, well logging and evaluation tools, completion equipment, artificial-lift systems, production optimization technologies, well intervention services and digital solutions.