- Baker Hughes ( NASDAQ: BKR ) declares $0.19/share quarterly dividend , 5.6% increase from prior dividend of $0.18.
- Forward yield 2.72%
- Payable Nov. 18; for shareholders of record Nov. 7; ex-div Nov. 4.
- Baker Hughes ( BKR ) also said its board authorized Baker Hughes Holdings to buy back up to $2B of additional units, increasing its existing authorization to $4B.
- The company will use the proceeds from the sale of BHH units to repurchase its class A stock.
- Baker Hughes ( BKR ) repurchased ~$1.2B of class A shares under the current authorization as of Sept. 30.
- See BKR Dividend Scorecard, Yield Chart, & Dividend Growth.
For further details see:
Baker Hughes raises dividend by 5.6%, upsizes buyback authorization to $2B