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.
Fool contributor Eric Volkman has no position in Schlumberger. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.