Baker Hughes Declares Quarterly Dividend
Rhea-AI Summary
Baker Hughes (NASDAQ: BKR) has announced a quarterly cash dividend of $0.21 per share of Class A common stock. This dividend will be payable on November 14, 2024, to shareholders of record as of November 4, 2024. The dividend represents a 5% increase, or $0.01, compared to the same quarter last year, aligning with the company's goal to responsibly grow the dividend over time. Baker Hughes plans to fund this quarterly cash dividend from cash generated from operations.
Positive
- Quarterly dividend increased by 5% year-over-year
- Dividend to be funded from cash generated from operations
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- None.
HOUSTON and LONDON, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of
In line with our stated goal to responsibly grow the dividend over time, the dividend reflects a
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 the amount of Baker Hughes' quarterly dividend for Q4 2024?
When will Baker Hughes (BKR) pay its Q4 2024 dividend?
How much has Baker Hughes increased its dividend compared to last year?
How does Baker Hughes plan to fund its quarterly cash dividend?
