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Baker Hughes’ board of directors declared a quarterly cash dividend of $0.21 per share of Class A common stock, the energy technology company announced April 23 in a press release.
The dividend represents an 11% increase, or $0.02, compared to the same quarter last year. It will be payable on May 16 to shareholders of record on May 6.
The company plans to fund its quarterly cash dividend from cash generated from operations.
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