SLB Sets $0.295 Quarterly Dividend
SLB declared a quarterly dividend of $0.295 per share, payable Jan. 7 to shareholders of record Dec. 2. The annualized payout is $1.18, yielding about 2.2%, with a payout ratio of 34.7%. The company reported EPS of $0.64 and revenue of $9.45 billion, beating estimates.
SLB approved a $0.295 per-share quarterly payout, payable Jan. 7 to investors on the Dec. 2 record date. That equals $1.18 annually and a 2.2% yield, with a 34.7% payout ratio. The company has raised its dividend for five consecutive years, though its three-year average increase was 0.1%.
Quarterly EPS was $0.64, two cents above consensus, on $9.45 billion revenue—ahead of the $9.27 billion estimate and up 5.8% year over year. Shares rose 7.0% to $53.03. Of 27 analysts, 24 rate the stock Buy, with a $62.27 average target.
SLB’s steady payout and earnings beat may reassure retirees, income-focused funds, and employees whose retirement plans hold energy shares. A higher stock price could benefit shareholders and strengthen the company’s ability to invest or return cash, while stable dividends may support spending by recipients. Because oilfield services influence energy costs and employment, changes in SLB’s outlook could ripple through supplier communities and energy consumers, though this dividend adjustment is small.