On November 17, 2023, Baker Hughes BKR will distribute a dividend payout of $0.20 per share, equating to an annualized dividend yield of 2.32%. Shareholders who owned the stock before the ex-dividend date on November 03, 2023 will receive this payout.
Baker Hughes Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-03 | 4 | $0.2 | 2.32% | 2023-10-25 | 2023-11-06 | 2023-11-17 |
| 2023-08-07 | 4 | $0.2 | 2.25% | 2023-07-27 | 2023-08-08 | 2023-08-18 |
| 2023-05-26 | 4 | $0.19 | 2.72% | 2023-05-16 | 2023-05-30 | 2023-06-09 |
| 2023-02-03 | 4 | $0.19 | 2.52% | 2023-01-25 | 2023-02-06 | 2023-02-17 |
| 2022-11-04 | 4 | $0.19 | 2.88% | 2022-10-27 | 2022-11-07 | 2022-11-18 |
| 2022-08-08 | 4 | $0.18 | 2.88% | 2022-07-29 | 2022-08-09 | 2022-08-19 |
| 2022-05-27 | 4 | $0.18 | 2.06% | 2022-05-17 | 2022-05-31 | 2022-06-10 |
| 2022-02-04 | 4 | $0.18 | 2.58% | 2022-01-26 | 2022-02-07 | 2022-02-18 |
| 2021-11-01 | 4 | $0.18 | 2.97% | 2021-10-22 | 2021-11-02 | 2021-11-12 |
| 2021-08-09 | 4 | $0.18 | 3.4% | 2021-07-30 | 2021-08-10 | 2021-08-20 |
| 2021-05-24 | 4 | $0.18 | 2.96% | 2021-05-14 | 2021-05-25 | 2021-06-04 |
| 2021-02-08 | 4 | $0.18 | 3.5% | 2021-01-29 | 2021-02-09 | 2021-02-19 |
In terms of dividend yield, Baker Hughes finds itself in the middle ground among its industry peers, while Kodiak Gas Services KGS takes the lead with the highest annualized dividend yield at 8.52%.
Analyzing Baker Hughes Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.72 in 2019 to $0.73 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Baker Hughes
From 2019 to 2022, Baker Hughes experienced a decrease in earnings per share, dropping from $0.82 to $0.77. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article delves into the recent dividend payout of Baker Hughes and its implications for shareholders. Presently, the company is distributing a dividend of $0.20 per share, leading to an annualized dividend yield of 2.32%.
In terms of dividend yield, Baker Hughes finds itself in the middle ground among its industry peers, while Kodiak Gas Services takes the lead with the highest annualized dividend yield at 8.52%.
The rising dividend per share and declining earnings per share of Baker Hughes from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[See current stock movements Baker Hughes on Benzinga.](https://www.benzinga.com/quote/Baker Hughes (NASDAQ: BKR))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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