London, 28 July, 2023, (Oilandgaspress) – Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.20 per share of Class A common stock payable on Aug. 18, 2023, to holders of record on Aug. 8, 2023. In line with our stated goal to responsibly grow the dividend over time, the dividend increase reflects a 5.3% growth rate, or $0.01, over the previous quarter’s dividend and an 11.1% increase, or $0.02, compared to the same quarter last year.
Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations.
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