Baker Hughes Incorporated (NYSE: BHI) has decided to release some of its cash as a reward for its shareholders. The company has just jacked up its dividend to $0.15 per share, up about 15% from the previous $0.13 per share dividend. The company has also announced that it will repurchase up to $1 billion of the company’s common stock in addition to the existing stock repurchase plan which will now have approximately $1.246 billion remaining.
For a comparison on what this looks like, the stock yield based upon today’s prices is roughly 0.7%. As far as comparing the share buyback, its market cap is just north of $25 Billion.
Shares are down only about 0.3% today immediately before the close.
Jon C. Ogg
July 24, 2008
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
