Halliburton hikes dividend by 33.3%
On January 24, 2023, Halliburton Company (HAL) declared a new quarterly dividend of $0.16 per share, up from $0.12 per share previously. This 33.3% dividend hike follows a 166.7% dividend boost by HAL in 2022 but still keeps the dividend below the record levels paid through 2019/2020. In May 2020 the company announced a 75% dividend cut from $0.18 to $0.045 quarterly per share. Halliburton’s board of directors has declared a 2023 first quarter dividend of sixteen cents ($0.16) per share on the Company’s common stock payable on March 29, 2023, to shareholders of record at the close of business on March 1, 2023. The dividend yield for HAL is 1.2% at a stock price of $39.58 and the annual dividend payment jumps to $581 million. The 5 year CAGR for the dividend is negative for HAL with -2.3%. Earlier this week peer Schlumberger also announced a big dividend hike. “I am pleased to announce that our Board has adopted a capital returns framework and an increase in our dividend to sixteen cent...