Baker Hughes Declares Increased Quarterly Dividend

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) has announced a quarterly cash dividend increase of 10% to $0.23 per share of Class A common stock, representing a $0.02 increase compared to the same quarter last year. The dividend will be payable on February 21, 2025, to shareholders of record as of February 11, 2025. The company plans to fund this dividend payment through cash generated from operations.

Positive

• 10% increase in quarterly dividend to $0.23 per share
• Dividend to be funded through operational cash flow, indicating strong cash generation

Negative

• None.

HOUSTON and LONDON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.23 per share of Class A common stock payable on Feb. 21, 2025, to holders of record on Feb. 11, 2025.

The dividend reflects a 10% increase, or $0.02, compared to the same quarter last year.

Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations.

About Baker Hughes:
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Investor Relations

Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com

Media Relations

Adrienne M. Lynch
+1 713-906-8407
adrienne.lynch@bakerhughes.com

FAQ

What is Baker Hughes' new quarterly dividend amount for Q1 2025?

Baker Hughes' new quarterly dividend is $0.23 per share of Class A common stock, representing a 10% increase from the previous year.

When is the ex-dividend date for BKR's Q1 2025 dividend?

The record date is February 11, 2025. The ex-dividend date would be one business day before the record date.

How much did BKR increase its dividend compared to last year?

Baker Hughes increased its dividend by $0.02 per share, or 10%, compared to the same quarter last year.

When will Baker Hughes (BKR) pay its Q1 2025 dividend?

Baker Hughes will pay its Q1 2025 dividend on February 21, 2025.

How will Baker Hughes fund its Q1 2025 dividend payment?

Baker Hughes plans to fund the quarterly dividend through cash generated from operations.