Marketwatch says: Maybe a big hike for ESV's Divident
I'll believe it when I see it, but here is Marketwatch's opinion for ESV's dividend, based on a rise in Haliburton's dividend:
Halliburton’s dividend hike heralds higher payouts for oilfield companies: UBS
February 22, 2013, 3:29 PM
Oilfield services and driller companies will focus on paying more dividends to shareholders and increasing the payout amount, analysts at UBS said in a recent note to clients.
Halliburton Co. HAL late Wednesday increased its quarterly dividend 39% to 12.5 cents a share, adding it wants future yearly cash dividends to represent at least 15% to 20% of net income.
The last time Halliburton had raised dividends was May 2007. The company’s goal implies a potential dividend increase of 30% to 35% next year, analysts at Simmons & Co said.
UBS analysts, for their part, said the Halliburton move could lead others to follow suit later this year, particularly U.K.-based offshore driller Ensco PLC. ESV. Ensco’s dividend increase could be announced in the first quarter.
Ensco currently pays $1.50 a share, but could raise it to $2 or $2.50 a share, they added.