Baker Hughes Declares Quarterly Dividend

Rhea-AI Summary

Baker Hughes (NASDAQ: BKR) announced a cash dividend of $.18 per share of Class A common stock. The dividend is scheduled for payment on June 10, 2022 and will benefit shareholders on record as of May 31, 2022. This decision underscores the company’s commitment to returning value to its shareholders while continuing to operate as a leading energy technology firm.

Positive

• Baker Hughes declared a cash dividend of $.18 per share, providing income for shareholders.
• The dividend declaration signifies company confidence and stability.

Negative

• None.

HOUSTON & LONDON--(BUSINESS WIRE)-- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on June 10, 2022 to holders of record on May 31, 2022.

About Baker Hughes:

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220513005499/en/

Investor Relations

Jud Bailey

+1 281-809-9088

investor.relations@bakerhughes.com

Media Relations

Thomas Millas

+1 713-879-2862

thomas.millas@bakerhughes.com

Source: Baker Hughes

FAQ

What is the dividend amount declared by Baker Hughes for June 2022?

Baker Hughes declared a cash dividend of $.18 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on June 10, 2022.

What is the record date for the Baker Hughes dividend?

The record date for the dividend is May 31, 2022.

How often does Baker Hughes pay dividends?

Baker Hughes typically declares dividends quarterly.

Is the Baker Hughes dividend sustainable?

While the sustainability of dividends depends on financial performance, the declaration suggests company confidence.