Halliburton (HAL) Declares $0.18 Quarterly Dividend; Adds New Director

Halliburton (NYSE: HAL) declared a quarterly dividend of $0.18 per share, or $0.72 annualized.

The dividend will be payable on September 28, 2016, to stockholders of record on September 7, 2016, with an ex-dividend date of September 2, 2016.

The annual yield on the dividend is 1.6 percent.

Halliburton also that William E. Albrecht has been named to the company’s board of directors. The appointment was effective July 12, 2016, and Albrecht will stand for election by stockholders at the annual meeting in May 2017.

Albrecht currently serves as Non-Executive Chairman of the Board of California Resources Corporation. He was Executive Chairman of California Resources from 2014 to 2016. He also serves on the board of the Rowan Companies.

Albrecht has more than 35 years of experience in the domestic oil and gas industry. He previously served as Vice President of Occidental Petroleum Corporation from 2008 to 2014 and as President, Oxy Oil & Gas, Americas from 2012 to 2014. He also served as President - Oxy Oil & Gas, USA from 2008 to 2012.

Albrecht holds a Master of Science degree from the University of Southern California and a Bachelor of Science degree from the United States Military Academy.

“Bill brings a wealth of oil and gas knowledge to the Halliburton board,” said Dave Lesar, Halliburton chairman and CEO. “His leadership and experience in the energy industry will be extremely beneficial to Halliburton as we strengthen and grow our worldwide operations.”

Albrecht joins current Halliburton board members Abdulaziz F. Al Khayyal, Alan M. Bennett, James R. Boyd, Milton Carroll, Nance K. Dicciani, Murry S. Gerber, José C. Grubisich, David J. Lesar, Robert A. Malone, J. Landis Martin, Jeffrey A. Miller and Debra L. Reed.

For a dividend history and other dividend-related data on Halliburton (HAL) click here.

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