Baker Hughes Announces New Quarterly Dividend and Future Plans
Baker Hughes Declares Quarterly Dividend
HOUSTON and LONDON – Baker Hughes (NASDAQ: BKR) has announced a quarterly cash dividend of $0.23 per share for its Class A common stock. This dividend is set to be paid on a future date, demonstrating the company's dedication to rewarding its shareholders. The decision comes as a result of the Board of Directors' confidence in the company's financial health and operational robustness.
Funding for the Dividend
The company plans to finance its quarterly dividend through cash generated from its operations, reflecting a solid income performance. This strategy not only sustains investor confidence but also underlines Baker Hughes' stable economic footing within the energy sector.
About Baker Hughes
Baker Hughes is a notable energy technology company that extends its innovative solutions to energy and industrial customers worldwide. With a legacy of over a century in the industry and operations spanning more than 120 countries, the company is dedicated to advancing energy practices. Its mission focuses on making energy cleaner, safer, and more efficient, addressing the ever-evolving demands of society.
Company Insights and Contact Information
For stakeholders and interested parties seeking more information about Baker Hughes, the following contact details are provided.
Investor Relations Contact
Chase Mulvehill
Contact: +1 346-297-2561
Email: investor.relations@bakerhughes.com
Media Relations Contact
Adrienne M. Lynch
Contact: +1 713-906-8407
Email: adrienne.lynch@bakerhughes.com
Frequently Asked Questions
What is the amount of the quarterly dividend declared by Baker Hughes?
The company has declared a quarterly dividend of $0.23 per share of its Class A common stock.
When is the dividend payment date?
The dividend is set to be payable on a date that will be announced in the future to holders of record as of a specified date.
How does Baker Hughes plan to fund the dividend?
Baker Hughes intends to fund its dividend payment using cash generated from its operations, affirming their strong financial position.
What does Baker Hughes do as a company?
Baker Hughes is an energy technology firm that provides advanced solutions to the energy and industrial sectors, focusing on efficiency and sustainability.
Who can I contact for more information about Baker Hughes?
You can contact Chase Mulvehill for Investor Relations or Adrienne M. Lynch for Media Relations, using the provided phone numbers and email addresses.
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