UBS expects Halliburton's (HAL) dividend hike - its first since 2007 - could lead other...


UBS expects Halliburton's (HAL) dividend hike - its first since 2007 - could lead other oilfield companies to follow suit later this year, particularly Ensco (ESV), which now pays $1.50/share but could raise it to $2 or $2.50. Schlumberger (SLB), which increased dividends last month by 14%, also will seek to regularly raise its dividend in coming years as free cash flows grow, the firm says.
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  • aemeth777
    , contributor
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    I work for Halliburton and I can honestly say that, we have exceeded our production expectation here in the continental US in my Division of WireLine. Most all of our divisions with Cement,Frac,Wireline,C... have recieved a much needed 7% raises. We also won an award for the Wireline Division as #1 provider of service in the United States. Its my guess that HAL will put out this dividend increase :)
    23 Feb 2013, 07:37 AM Reply Like
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