Schlumberger to Pay Next Dividend in October

A day before it's to release its latest quarterly results, Schlumberger (NYSE: SLB  ) has declared a fresh dividend. The company announced it will hand out a $0.3125 per share common stock distribution on October 11 to shareholders of record as of September 4. That maintains Schlumberger's dividend policy, as it has paid that amount in both of its preceding quarters. The most recent of the pair was disbursed last Friday. Prior to that, the firm paid $0.275 per share.

The just-announced dividend annualizes to $1.25 per share. That yields 1.6% at Schlumberger's most recent closing stock price of $78.48.

The company is scheduled to release its Q2 2013 results Friday morning at 9 AM Eastern time.


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  • Report this Comment On July 19, 2013, at 12:02 PM, Wanderer110 wrote:

    Poorly written. Hard to understand when the dividend was increased. Read it three times and found it could really be a lot clearer.

  • Report this Comment On July 19, 2013, at 11:18 PM, TMFVolkman wrote:

    Wanderer110, I'm sorry you were confused. The dividend was increased to the current level with the April 2013 payout; the preceding dividend (paid in January) was $0.275.

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