Halliburton Dividend Declaration and Share Repurchase Program Increase

Halliburton (NYSE:HAL) increased its share repurchase program by an additional $2 billion. This increase brings the aggregate remaining authorization available for repurchase to $2.8 billion.

The company also announced a 2007 third quarter dividend of nine cents ($0.09).

Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry.



With 914 million shares outstanding, the $2.8 billion repurchase program will yield $3.06 per share.  The repurchase combined with an annual dividend rate of $0.36 per share would produce a Total Payout of $3.42 per share.  At $35 per share, the Total Payout Yield will be 9.8% if the repurchase is completed in the next 4 quarters.

- Payout Yield Staff


Subscribe to our e-mail newsletter to receive updates.