Oil services company Halliburton (HAL) has announced a 20.0 percent dividend increase. Its the second dividend increase for 2013 declared by HAL. The company raises its quarterly dividend by 20.0 percent from $0.125 to $0.15 per share. This year is the first dividend hike since 2007.

At the current stock price of $54 the dividend yield on the new dividend is 1.1% for Halliburton, that now has raised its dividend for the second time in 2013. In the first quarter Halliburton increased its dividend by 39.0 percent. The company announced that going forward, it expects the dividend payout te be at least 15-20% of net income. Halliburton also said it wants to do more systematic buybacks in the press release.

Halliburton Company is one of the world's largest providers of products and services to the energy industry.  Halliburton's customers are the world's major, national and independent oil and gas producers. The company's activities include locating hydrocarbons and managing geological data, drilling and formation evaluation, well construction and completion and optimizing production. Halliburton operates under two divisions: the Completion and Production segment and the Drilling and Evaluation segment. The predecessor of Halliburton was established in 1919 and incorporated under the laws of the State of Delaware in 1924. The company has paid a dividend to shareholders since at least 1972.