Schlumberger declares $0.50 dividend
Jan 15 2015, 13:01 ET | About: Schlumberger Limited (SLB)
Schlumberger (NYSE:SLB) declares $0.50/share quarterly dividend, 25% increase from prior dividend of $0.40.Forward yield 2.58%Payable April 10; for shareholders of record Feb. 11; ex-div Feb. 9.
This is only the beginning - more to come and will depend on the oil price which continues to drop -
Actually, if they were smart, they'd let it fall like a rock, load up on it, then do the before mentioned.
Alas, the pitfall of publically traded companies.
Well, not really. We should think in terms of why they made such a decision. Given the drop in stock price, they are really pushing to provide ‘some’ value to the shareholders so they can at least slow down people who have intentions to run away. In addition, with every basis point increase in dividend, they increase likelihood that the institutional investors and funds focusing on high dividend stocks will add us to their portfolios.