What’s Halliburton’s Dividend and Share Repurchase Plan?
Halliburton’s dividend and dividend yield
Halliburton (HAL) will pay a dividend per share (or DPS) of $0.18 on March 22, 2017. The company’s dividend has remained unchanged in the past eight quarters. HAL’s steady dividend reflects its management’s confidence in its balance sheet and growth prospects. Halliburton increased its DPS by 20% in 4Q14 compared to a quarter earlier.
HAL’s industry peer National Oilwell Varco (NOV) slashed its quarterly dividend 90% to $0.05 in April 2016 compared to a year earlier, and it’s kept its dividend unchanged since. Read more about NOV in Is National Oilwell Varco’s Stock Price Gaining Steam?. Schlumberger (SLB) currently pays $0.50 dividend per share. Baker Hughes (BHI) currently pays a dividend per share of $0.17.
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Halliburton’s dividend yield, expressed as its dividend per share relative to its share price, fell in 4Q16 compared to 3Q16. From 3Q16 to 4Q16, Halliburton’s stock price rose, and its DPS remained unchanged. The company’s dividend yield fell from 1.7% on September 30, 2016, to 1.6% on December 30, 2016.
Halliburton’s dividend and share repurchase plan
Halliburton intends to continue paying dividends at its current rate. According to the company’s share repurchase program, ~$5.7 billion remains authorized for repurchases as of December 31, 2016. Halliburton makes up 11.2% of the iShares US Oil Equipment & Services ETF (IEZ).