Baker Hughes Declares Quarterly Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) has declared a quarterly cash dividend of $0.21 per share of Class A common stock. This represents a 5% increase ($0.01) compared to the same quarter last year, aligning with the company's goal to responsibly grow dividends over time. The dividend will be payable on Aug. 16, 2024, to shareholders of record as of Aug. 6, 2024. Baker Hughes plans to fund this dividend from cash generated from operations, demonstrating confidence in its financial stability and commitment to shareholder returns.

Positive

Quarterly dividend increased by 5% year-over-year
Dividend to be funded from operational cash flow
Commitment to responsible dividend growth over time

Negative

None.

07/25/2024 - 04:05 PM

HOUSTON and LONDON, July 25, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock payable on Aug. 16, 2024, to holders of record on Aug. 6, 2024.

In line with our stated goal to responsibly grow the dividend over time, the dividend reflects a 5% increase, or $0.01, 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

Thomas Millas
+1 346-415-0320
thomas.millas@bakerhughes.com