The company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources. These include WesternGeco, Wireline, Testing Services and Schlumberger Information Solutions.
Rising activity, backlog additions for integrated projects and the possibility that international pricing has bottomed should be supportive of improving earnings over the next few years.
Schlumberger stock comes with a 1.16% dividend. The expected dividend hike is from $0.125 to $0.21 share. Piper Sandler has set its target price at $55, while the most recent close was at $43.25 a share.
Travelers
This insurance giant is a very solid bet in a volatile and pricey stock market. Travelers Companies Inc. (NYSE: TRV) provides a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals in the United States and internationally.
The Business Insurance segment offers workers’ compensation, commercial automobile and property, general liability, commercial multi-peril, employers’ liability, public and product liability, professional indemnity, marine, aviation, onshore and offshore energy, construction, terrorism, personal accident, and kidnap and ransom insurance products. This segment operates through select accounts, which serve small businesses; commercial accounts that serve midsized businesses; national accounts, which serve large companies; and national property and other that serve large and mid-sized customers, commercial trucking industry, and agricultural businesses, as well as markets and distributes its products through brokers, wholesale agents and program managers.
The Bond & Specialty Insurance segment provides surety, fidelity, management and professional liability, and other property and casualty coverages and related risk management services through independent agencies and brokers. The Personal Insurance segment offers property and casualty insurance covering personal risks, primarily automobile and homeowners insurance to individuals through independent agencies and brokers.
The current dividend yield is 1.91%. The company is expected to increase that dividend to $0.91 per share from $0.88. MKM Partners recently lifted its $200 price target to $215. The $184.67 consensus target compares with the most recent close at $184.24.
These three top companies that are rated Buy across Wall Street are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally posted at 24/7 Wall St.
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