Baker Hughes (BHI) will raise its quarterly dividend from $0.13 to $0.15 per share.
It's the first dividend hike since 2005, when the oil-and-gas services company raised its dividend from $0.115 to $0.13 quarterly.
Baker Hughes is an oil and gas company. The Company is a fullstream provider of integrated oilfield products, services and digital solutions, including solutions for drilling and production (Upstream), power and compression efficiency for storage (Midstream) and refining, petrochemical and fertilizer production (Downstream).