Baker Hughes (BKR) Rewards Shareholders With Dividend Hike

Baker Hughes’ (BKR) board of directors announced an increase in quarterly cash dividends. The raised quarterly dividend of 21 cents per share of Class A common stock is payable on Feb 23, to the common stockholders of record as of Feb 13.This dividend hike reflects a 5% sequential and an 11% year-over-year increase. This reflects the oilfield service player’s strong commitment to returning capital to shareholders.Remarkably, Baker Hughes has plans to fund its dividend payment through operating cashflows. Th ...