By Colin Kellaher

Schlumberger's board has raised the oilfield-services company's quarterly dividend by 10%, to 27.5 cents from 25 cents.

The new payout, equal to $1.10 a year, represents an annual yield of 2.27% based on Thursday's closing price of $48.56, up from 2.06%.

The Houston company on Friday said the increased dividend is payable April 4 to shareholders of record Feb. 7.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 19, 2024 07:18 ET (12:18 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.
Schlumberger (NYSE:SLB)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Schlumberger Charts.
Schlumberger (NYSE:SLB)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Schlumberger Charts.