At the end of today, August 18, 2023, Baker Hughes BKR will distribute a dividend payout of $0.20 per share, translating to an annualized dividend yield of 2.25%. Shareholders who held the stock before the ex-dividend date on August 07, 2023 will benefit from this payout.
Baker Hughes Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2020-11-06 | 4 | $0.18 | 5.26% | 2020-10-29 | 2020-11-09 | 2020-11-20 |
With a dividend yield that places it neither at the top nor the bottom, Baker Hughes finds itself in the middle among its industry peers, while USA Compression Partners USAC boasts the highest annualized dividend yield at 10.31%.
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
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.72 in 2019 to $0.73 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Baker Hughes
The earnings chart above reveals a decrease in Baker Hughes's earnings per share, declining from $0.82 in 2019 to $0.77 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we explore the recent dividend payout of Baker Hughes and its significance for shareholders. The company has decided to distribute a dividend of $0.20 per share today, which equates to an annualized dividend yield of 2.25%.
With a dividend yield that places it neither at the top nor the bottom, Baker Hughes finds itself in the middle among its industry peers, while USA Compression Partners boasts the highest annualized dividend yield at 10.31%.
Given that Baker Hughes has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Monitor live stock price updates for 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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