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What Are the Dividends and Dividend Yields for SLB, HAL, and BHI?

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Aug. 11 2016, Updated 10:04 a.m. ET

Schlumberger’s dividends and dividend yield

Schlumberger’s (SLB) quarterly dividend per share remained unchanged from fiscal 2Q15 to fiscal 2Q16. Its annualized dividend per share (or DPS) was $2.

Its dividend yield, expressed as dividend per share relative to the share price, is the highest among our set of oilfield services (or OFS) companies. As of June 30, 2016, SLB’s share price declined 8% compared to a year ago. Unchanged DPS and lower share price led to SLB’s dividend yield increasing to 2.5% as of June 30, 2016, from 2.3% a year earlier. Schlumberger is 0.6% of the Vanguard Growth ETF (VUG). The oil and gas sector makes up 3.1% of VUG.

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Analyzing dividends for Halliburton and Baker Hughes

Halliburton’s (HAL) quarterly DPS remained unchanged from fiscal 2Q15 to fiscal 2Q16. Its annualized DPS stands at $0.72. As of June 30, 2016, its share price increased 5% compared to a year ago. Unchanged DPS and higher share price led to HAL’s dividend yield falling to 1.6% as of June 30, 2016, from ~1.7% a year earlier.

Baker Hughes’s (BHI) quarterly DPS remained unchanged from fiscal 2Q15 to fiscal 2Q16. Its annualized DPS is $0.68. As of June 30, 2016, its share price declined 27% compared to a year ago. Unchanged DPS and lower share price led to BHI’s dividend yield increasing to 1.5% as of June 30, 2016, from 1.1% a year earlier.

FMC Technologies (FTI) doesn’t pay dividends. In the next part of our series, we’ll look at OFS energy stocks’ correlation with crude oil.

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