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SLB, HAL, BHGE, and NOV’s Dividend Yields

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Schlumberger’s dividend and dividend yield

Schlumberger’s (SLB) quarterly dividend per share remained unchanged from 2016 to 2017. Schlumberger’s quarterly dividend per share is $0.50. On an annualized basis, the dividend per share was $2.00 per share.

Schlumberger’s dividend yield, expressed as the dividend per share relative to the share price, is the highest in our set of OFS (oilfield equipment and services) companies. As of February 5, 2018, Schlumberger’s stock price decreased 18% compared to the previous year. The unchanged dividend per share and lower stock price caused Schlumberger’s dividend yield to increase to 3.0% as of February 5, 2018—compared to ~2.4% the previous year. Schlumberger accounts for 0.35% of the iShares Dow Jones US ETF (IYY). IYY increased 14% in the past year until March 5, 2018.

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Halliburton’s dividend yield

Halliburton’s (HAL) quarterly dividend per share remained unchanged from 2016 to 2017. Halliburton’s quarterly dividend per share stands at $0.18 or $0.72 annualized. As of February 5, 2018, Halliburton’s stock price decreased 14% compared to the previous year. The unchanged dividend per share and lower stock price caused Halliburton’s dividend yield to rise to 1.6% as of February 5, 2018, from ~1.3% the previous year.

Baker Hughes’s dividend yield

Baker Hughes’s, a GE company (BHGE), quarterly dividend per share remained unchanged from 2016 to 2017. Baker Hughes’s quarterly dividend per share stands at $0.18. As of February 5, 2018, Baker Hughes’s stock price decreased 33% compared to the previous year. The unchanged dividend per share and lower stock price caused Baker Hughes’s dividend yield to rise to 2.6% as of February 5, 2018, from ~1.1% the previous year.

National Oilwell Varco’s dividend yield

As of February 5, 2018, National Oilwell Varco’s (NOV) dividend yield increased to ~0.55% from 0.53% the previous year. In the past year, National Oilwell Varco’s stock price decreased 9%. The company reduced its quarterly dividend 89% to $0.05 per share in April 2016 to preserve capital following a sustained decline in energy prices.

Next, we’ll compare these companies’ relative valuation multiples.

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