Adapting to Market Pressures: Baker Hughes Supports Investors amidst Changing Profits
Portfolio Pulse from Benzinga Insights
Baker Hughes (NASDAQ:BKR) will pay a dividend of $0.20 per share on November 17, 2023, with an annualized yield of 2.32%. Shareholders as of November 03, 2023, will be eligible. The company's dividend per share has seen a slight increase from $0.72 in 2019 to $0.73 in 2022, while earnings per share decreased from $0.82 to $0.77 over the same period. Kodiak Gas Services (NYSE:KGS) leads the industry with an 8.52% dividend yield.
November 17, 2023 | 3:05 pm
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NEUTRAL IMPACT
Baker Hughes is maintaining a steady dividend payout, with a slight increase in dividend per share from 2019 to 2022, despite a decrease in earnings per share. The current dividend yield is 2.32%.
While the dividend increase is positive, the decrease in earnings per share could be a concern for the company's ability to sustain or grow dividends in the future. The impact is neutral as the market may have already anticipated this dividend announcement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Kodiak Gas Services has the highest annualized dividend yield in the industry at 8.52%, outperforming Baker Hughes in terms of yield.
KGS is mentioned as a comparison to BKR's dividend yield. The information provided does not indicate a direct impact on KGS's stock price, but it highlights the company's strong dividend performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50