Baker Hughes Increases Quarterly Dividend By 5.3% From $0.19 To $0.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes has announced a 5.3% increase in its quarterly dividend from $0.19 to $0.20 per share. The dividend will be payable on August 18, 2023, to holders of record on August 8, 2023.
July 27, 2023 | 8:23 pm
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POSITIVE IMPACT
Baker Hughes' decision to increase its quarterly dividend by 5.3% could be seen as a positive sign of the company's financial health and may attract income-focused investors.
Dividend increases are often seen as a sign of a company's strong financial health. It could make the company's stock more attractive to income-focused investors, potentially leading to an increase in demand for the stock and a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100