Halliburton cuts dividend due to market conditions

Oilfield services provider Halliburton has decided to cut its dividend amid uncertainties related to the duration of the market downturn.

Halliburton said on Wednesday that its board of directors had declared a 2020 second-quarter dividend of four and one-half cents ($0.045) a share on the company’s common stock payable on 24 June 2020, to shareholders of record at the close of business on 3 June 2020.

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