SLB (SLB) Increases Quarterly Dividend to $0.295, 3.5% Rise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Increase: SLB has declared a quarterly dividend increase from $0.285 to $0.295 per share, representing a 3.5% rise, which reflects the company's stable cash flow and profitability in the oil and gas sector.
- Yield Outlook: Following this adjustment, SLB's forward yield stands at 2.39%, providing investors with a relatively attractive return and enhancing its investment appeal in the market.
- Payment Details: The new dividend will be payable on April 2, with a record date of February 11 and an ex-dividend date also set for February 11, ensuring shareholders receive their earnings promptly.
- Market Sentiment: Ahead of the upcoming Q4 earnings report, the market has already priced in excessive optimism regarding SLB, with analysts highlighting the integration with ChampionX and the potential growth in Venezuelan oilfield services.
Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLB is 48.71 USD with a low forecast of 43.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.320
Low
43.00
Averages
48.71
High
55.00
Current: 49.320
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
