Halliburton (HAL) DIvidends Date & History

Key Takeaways

• Halliburton pays a quarterly dividend of $0.17 per share, equating to an annual $0.68 and a current yield of approximately 1.8%.
• The payout ratio stands at around 45%, indicating solid coverage by earnings.
• Dividends have grown from $0.12 quarterly in 2022 to $0.17 since 2024, following cuts during the 2020 energy downturn.
• Free cash flow (FCF) strongly supports dividends, with 85% of 2025 FCF returned to shareholders via dividends and buybacks.
• Yield is competitive among oilfield services peers like SLB (2.3%) and BKR (1.5%).
• Suitable for income investors tolerant of energy sector cyclicality.

Dividend Overview

Halliburton Company (HAL), a leading provider of products and services to the energy industry, maintains a modest quarterly dividend policy. The company currently offers $0.17 per share each quarter, resulting in an annual dividend of $0.68 and a yield of about 1.8% based on recent stock prices around $37-38. Payments occur quarterly, with the most recent ex-dividend date on March 4, 2026, and payment on March 25, 2026. This positions HAL as a dividend payer with moderate yield rather than a high-yield or aggressive growth stock, reflecting the cyclical nature of the oilfield services sector. The dividend provides steady income potential amid volatile energy markets.

Dividend History and Growth

Halliburton's dividend history reflects the ups and downs of the energy sector. From 2015 to 2019, the quarterly payout held steady at $0.18 per share. Amid the 2020 oil price collapse and COVID-19 impacts, it was slashed to $0.045 in 2021. Recovery followed with increases to $0.12 quarterly in 2022, $0.16 in 2023, and $0.17 from 2024 onward. This marks four consecutive years of growth post-cut, with a 5-year average annual increase of about 16%. While not a Dividend Aristocrat with 25+ years of uninterrupted raises, HAL demonstrates resilience and a commitment to returning capital as profitability improves.

Dividend Sustainability and Payout Ratio

HAL's dividend appears sustainable, supported by a trailing payout ratio of approximately 45%, meaning less than half of earnings are distributed as dividends. Forward estimates suggest even lower coverage around 28-30%. Earnings per share (EPS) trailing twelve months (TTM) of $1.50 comfortably covers the $0.68 annual dividend. Free cash flow generation is robust, with $2.3 billion in 2023 rising in subsequent years; 2025 saw 85% of FCF returned to shareholders. Balance sheet strength, including manageable debt levels post-refinancing, bolsters stability. In a cyclical industry, sustained oil demand above $60-70 per barrel supports ongoing payments without strain.

Dividend Compared to Industry Peers

In the oilfield services sector, HAL's 1.8% yield is competitive. Peer SLB (Schlumberger) offers a higher 2.3% yield with similar quarterly payments but stronger growth history. BKR (Baker Hughes) yields 1.5% at $0.23 quarterly, prioritizing buybacks. Other players like Weatherford (WFRD) pay no dividend, focusing on debt reduction. HAL's profile—modest yield with recent hikes and solid coverage—appeals to investors seeking balance over top yield in this volatile group.

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Is This Stock Attractive for Dividend Investors?

Halliburton may appeal to dividend investors comfortable with energy sector volatility who prioritize sustainability over high yields. Income seekers could value the 1.8% yield backed by strong FCF and a sub-50% payout ratio, offering a buffer during downturns. Those focused on growth might note recent increases and potential for further hikes if oil prices stabilize above $70 per barrel. Conservative long-term holders may appreciate capital returns via dividends and buybacks (85% of FCF in 2025), but cyclical risks—tied to rig counts and commodity prices—warrant caution. It's less ideal for yield chasers or those avoiding commodities exposure, but fits diversified portfolios balancing growth and income in recovery phases.

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