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Halliburton Hikes Dividend By 33% After Earnings Beat

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Halliburton will return to shareholders half of its annual free cash flow after beating Q4 estimates. Halliburton will raise its dividend by 33%, the company said on Tuesday, as the world’s largest fracking services provider beat analyst estimates for fourth-quarter performance. Halliburton bought back $250 million in shares during Q4 2022, and saw quarterly earnings of $0.72 per share—this compares to $0.36 per share in Q4 a year ago. HAL’s Q4 revenues came in at $5.58 billion, also beating analyst estimates and Q4 2021’s…

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