uploads///Dividend and Yield

Dividend Growth and Dividend Yields for SLB, HAL, and BHI

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Mar. 15 2016, Updated 11:04 p.m. ET

Schlumberger’s dividend growth

Schlumberger (SLB) saw the highest dividend increase from fiscal 2014 to fiscal 2015 in our group of OFS (oilfield services and equipment) companies. In fiscal 2015, Schlumberger’s DPS (dividend per share) rose 25% to $2.00—compared to $1.60 per share in fiscal 2014. The dividend yield, expressed as the dividend per share relative to the share price, rose from fiscal 2014 to fiscal 2015. As of December 31, 2015, Schlumberger’s share price fell 18% compared to a year ago. The higher DPS and lower share price caused Schlumberger’s dividend yield to rise from 1.87% as of December 31, 2014, to 2.79% as of February 29. Schlumberger accounts for 0.55% of the SPDR S&P 500 ETF (SPY).

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Halliburton and Baker Hughes’s dividends

In fiscal 2015, Halliburton’s dividend per share rose 14% to $0.72—compared to $0.63 per share in fiscal 2014. As of December 31, 2015, Halliburton’s share price fell 13% compared to a year ago. The higher DPS and lower share price caused Halliburton’s dividend yield to rise from 1.83% as of December 31, 2014, to 2.23% on February 29.

In fiscal 2015, Baker Hughes’s DPS rose 6% to $0.68—compared to $0.64 per share in fiscal 2014. As of December 31, 2015, Baker Hughes’s share price fell 18%—compared to a year ago. The higher DPS and lower share price caused Baker Hughes’s dividend yield to rise from 1.21% as of December 31, 2014, to 1.59% on February 29. Cameron International (CAM) is the other OFS company in our group. It doesn’t pay a dividend.

In the next part, we’ll look at Wall Street analysts’ recommendations and target prices for these OFS energy stocks.

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