Schlumberger Dividend Update: Key Details Before Ex-Dividend Date Jun 4, 2025

Schlumberger (SLB) has announced a dividend of $0.285 per share, with the ex-dividend date set for Jun 4, 2025, and the dividend payment scheduled for Jul 10, 2025. The announcement date for this dividend was Apr 17, 2025. This payout is slightly higher compared to the average of the last ten dividends, which stood at $0.280 per share. The previous dividend was also $0.285 per share, paid on Apr 3, 2025. Both dividends are in the form of cash distribution.

Recently, Schlumberger has been involved in significant business developments that may impact its market performance. ADNOC Drilling has acquired a 70% stake in SLB’s onshore rig business in Oman and Kuwait for up to $112 million, forming a joint venture. This strategic move aims to expand SLB's operations and strengthen its presence in the Middle East, reflecting strong investor confidence in the company's growth prospects.

Over the past week, Farmers Trust Co. increased its holdings in Schlumberger by 48.1% in the first quarter, suggesting a positive outlook from institutional investors. This increased stake highlights the trust and optimism investors have in Schlumberger's future performance.

As of late, Schlumberger has been featured on a popular stock search list, drawing attention from investors. This heightened interest may be attributed to the company's recent joint venture initiatives and positive market sentiment, as analysts have indicated a strong potential for share price growth. The company has received an "Outperform" rating, underlining its favorable position in the oil services sector.

In conclusion, Schlumberger's dividend and recent business activities paint a promising picture for the company's shareholders. The ex-dividend date is Jun 4, 2025, marking the last day for investors to purchase the stock and qualify for the upcoming dividend. Any purchases made after this date will not be eligible for the dividend payout.