By Colin KellaherSchlumberger's board has raised the oilfield-services company's quarterly dividend by 10%, to 27.5 cents from 25 cents. The new payout, equal to $1.10 a year, represents an annual yield of 2.27% based on Thursday's closing price of $48.56, up from 2.06%. The Houston company on Friday said the increased dividend is payable April 4 to shareholders of record Feb. 7. Write to Colin Kellaher at colin.kellaher@wsj.com(END) Dow Jones Newswires01-19-24 0718ET

Source: Wall Street Journal January 19, 2024 12:39 UTC