Schlumberger Announced A 10% Increase In Quarterly Cash Dividend To $0.275 Per Share
Portfolio Pulse from Benzinga Newsdesk
Schlumberger's Board of Directors has approved a 10% increase in the quarterly cash dividend, raising it from $0.250 to $0.275 per share. The new dividend will be payable on April 4, 2024, to stockholders of record as of February 7, 2024.
January 19, 2024 | 11:56 am
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Schlumberger has increased its quarterly dividend by 10%, which may attract income-focused investors and potentially boost stock demand.
Dividend increases are typically seen as a sign of a company's financial health and management's confidence in future earnings. This can lead to increased investor confidence and demand for the stock, potentially driving up its price in the short term.
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