Published on 28 Apr 2024 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In Baker Hughes Company (NASDAQ:BKR) For Its Upcoming Dividend

Readers hoping to buy Baker Hughes Company (NASDAQ:BKR) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. This means that investors who purchase Baker Hughes' shares on or after the 3rd of May will not receive the dividend, which will be paid on the 16th of May.

The company's next dividend payment will be US$0.21 per share, on the back of last year when the company paid a total of US$0.84 to shareholders. Calculating the last year's worth of payments shows that Baker Hughes has a trailing yield of 2.6% on the current share price of US$32.84. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Baker Hughes has been able to grow its dividends, or if the dividend might be cut.