Halliburton Board Approves 20 Pct Dividend Increase
- Business & Finance
Halliburton announced that its board of directors has approved a 20 percent increase in its quarterly dividend. The 2013 fourth quarter dividend of fifteen cents ($0.15) a share on the company’s common stock is payable on December 27, 2013, to shareholders of record at the close of business on December 6, 2013.
“Today’s announcement, together with the 39% increase in dividends announced in the first quarter and our recent share repurchases, reflects our growing confidence in the strength of our business outlook, our commitment to shareholder distributions, and our focus on delivering best-in-class returns,” said Dave Lesar, chairman, president and chief executive officer. “Going forward, we expect our dividend payout to be at least 15-20% of net income. Additionally, we anticipate doing more systematic buybacks, and expect announcements like this one today to occur more frequently.”
Press Release, November 07, 2013