Oilfield services provider Baker Hughes Incorporated announced Wednesday its Board of Directors declared a regular quarterly cash dividend of $0.17 per share of common stock payable on November 18, 2016 to shareholders of record on November 7, 2016 for the third quarter of 2016.
“Looking ahead, in the fourth quarter of 2016, we expect activity in North America to modestly increase, as our customer community slowly begins to ramp up activity in what remains a tough pricing environment,” said Martin Craighead, chairman and chief executive officer. “Internationally, we are forecasting activity declines and pricing pressure to continue, with minimal year-end, seasonal product sales unlikely to offset those declines.”
