SLB Dividend
SLB N.V. · Energy · Oil & Gas Equipment & Services · quarterly payer
As of Nov 5, 2026, SLB pays a quarterly dividend of $0.2950 per share, or $1.18 a year, a 2.29% yield at its $50.61 share price. The next ex-dividend date is Dec 2, 2026, paid Jan 7, 2027. It has raised its dividend 4 years in a row and has a dividend safety grade of B.
Forward Yield
2.29%
Annual Dividend
$1.18
Payout Ratio
57%
5-Yr Growth
17.9%
Ex-Date
Dec 2, 2026
Frequency
Quarterly
Key facts about SLB's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, SLB N.V. (SLB) has a forward dividend yield of 2.29%, based on an annual dividend of $1.18 per share and a share price of $50.61.
- As of Nov 5, 2026, SLB's dividend safety grade from SmarterDividends is B (72 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, SLB N.V. (SLB) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
- SLB last cut its regular dividend in 2020.
- SLB's next ex-dividend date is Dec 2, 2026, with payment on Jan 7, 2027. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, SLB pays out 57% of its trailing 12-month earnings as dividends (its payout ratio).
- SLB's dividend has grown at an average rate of 17.9% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for SLB is $60.28 per share, 19% above the $50.61 share price, so SLB screens as undervalued.
- SLB N.V. (SLB) pays its dividend quarterly, 4 times a year.
- SLB N.V. (SLB) has raised its regular dividend 19 times and cut it 1 time across the 180 payments on record since 1982. Its most recent change was a 3.5% increase to $0.295 per share, going ex-dividend on Feb 11, 2026. The last cut went ex-dividend on Jun 2, 2020.
- SLB (SLB) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 3.5%, was declared on Jan 22, 2026.
Cite this page
SmarterDividends, "SLB Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/SLB
Is SLB a good dividend stock?
Yes, with caveatsSLB N.V. (SLB) pays a quarterly dividend yielding 2.29% ($1.18/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (57%)
- Strong 17.9% 5-yr dividend growth
- 87% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 2.29%
- Payout Ratio
- 57%
- Annual Dividend
- $1.18
- 5-Yr Avg Growth
- 17.9%
- Ex-Dividend Date
- Dec 2, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.79
- Market Cap
- $74.7B
- P/E Ratio
- 24.6
- 5-Yr Total Return
- 87%
- 52-Week Range
- $34.65 – $60.46
- Dividend Safety
- B · 72/100
- Ever Cut?
- Yes (2020)
SLB dividend raises and cuts
SLB N.V. (SLB) has raised its regular dividend 19 times and cut it 1 time across the 180 payments on record since 1982. Its most recent change was a 3.5% increase to $0.295 per share, going ex-dividend on Feb 11, 2026. The last cut went ex-dividend on Jun 2, 2020.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 11, 2026 | Raise | $0.285 → $0.295 | +3.5% |
| Feb 5, 2025 | Raise | $0.275 → $0.285 | +3.6% |
| Feb 6, 2024 | Raise | $0.250 → $0.275 | +10.0% |
| Feb 7, 2023 | Raise | $0.175 → $0.250 | +42.9% |
| May 31, 2022 | Raise | $0.125 → $0.175 | +40.0% |
| Jun 2, 2020 | Cut | $0.500 → $0.125 | −75.0% |
| Feb 9, 2015 | Raise | $0.400 → $0.500 | +25.0% |
| Feb 14, 2014 | Raise | $0.313 → $0.400 | +27.8% |
| Feb 15, 2013 | Raise | $0.275 → $0.313 | +13.8% |
| Feb 17, 2012 | Raise | $0.250 → $0.275 | +10.0% |
| Feb 14, 2011 | Raise | $0.210 → $0.250 | +19.0% |
| Feb 15, 2008 | Raise | $0.175 → $0.210 | +20.0% |
Show all 20 changes since 1982
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 16, 2007 | Raise | $0.125 → $0.175 | +40.0% |
| Feb 27, 2006 | Raise | $0.105 → $0.125 | +19.0% |
| Feb 28, 2005 | Raise | $0.0940 → $0.105 | +11.7% |
| Sep 3, 1997 | Raise | $0.0938 → $0.0940 | +0.3% |
| May 26, 1995 | Raise | $0.0750 → $0.0938 | +25.0% |
| Sep 4, 1984 | Raise | $0.0650 → $0.0750 | +15.4% |
| Sep 6, 1983 | Raise | $0.0600 → $0.0650 | +8.3% |
| Jun 8, 1982 | Raise | $0.0500 → $0.0600 | +20.0% |
Frequently Asked Questions
Is SLB a good dividend stock?
Yes, with caveats. SLB N.V. (SLB) pays a quarterly dividend yielding 2.29% ($1.18/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is SLB undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SLB's fair value is about $60.28 versus a $50.61 share price — so it looks undervalued (+19% vs. fair value).
Is SLB's dividend safe?
SLB has a dividend-safety grade of B (72/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.
What is SLB's fair value?
Our blended fair-value estimate for SLB is about $60.28 per share, roughly 19% above the current $50.61 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SLB a buy, hold, or sell?
We don't issue formal ratings, but on the data SLB screens as "yes, with caveats" and undervalued. SLB N.V. (SLB) pays a quarterly dividend yielding 2.29% ($1.18/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will SLB cut its dividend?
SLB earns a dividend-safety grade of B (72/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SLB pay a dividend?
Yes. SLB N.V. pays a quarterly dividend of about $1.18 per share annually, a forward yield of roughly 2.29%.
How much dividend does 100 shares of SLB pay?
At $1.18 per share a year, 100 shares of SLB pay $118.00 a year in dividends before tax, about $29.50 each quarter. Buying them costs about $5,061 at the Nov 5, 2026 price.
What is SLB's dividend yield?
As of Nov 5, 2026, SLB's forward dividend yield is 2.29%, based on a $1.18 annual dividend and a $50.61 share price.
What is SLB's dividend per share?
As of Nov 5, 2026, SLB pays $1.18 per share per year, distributed on a quarterly basis.
What is SLB's dividend payout ratio?
As of Nov 5, 2026, SLB's payout ratio is 57% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has SLB grown its dividend?
As of Nov 5, 2026, SLB has increased its dividend for 4 consecutive years.
When is the next SLB ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for SLB is Dec 2, 2026.
SLB Price — Last 12 Months
Daily close
Price Return
1 Year
+48%
3 Years
+3%
5 Years
+87%
52-Week Range
$34.65 – $60.46
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SLB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for SLB N.V. is $60.28 per share, versus a market price of $50.61. That implies 19% of upside — a margin of safety of about 16%.
Fair Value
$60.28
Current Price
$50.61
Upside
+19%
Margin of Safety
16%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.9% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.5% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $2.06 EPS, $1.18 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SLB Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full SLB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 2, 2026 | Oct 8, 2026 | $0.2950 | regular |
| Jun 3, 2026 | Jul 9, 2026 | $0.2950 | regular |
| Feb 11, 2026 | Apr 2, 2026 | $0.2950 | regular |
| Dec 3, 2025 | Jan 8, 2026 | $0.2850 | regular |
| Sep 3, 2025 | Oct 9, 2025 | $0.2850 | regular |
| Jun 4, 2025 | Jul 10, 2025 | $0.2850 | regular |
| Feb 5, 2025 | Apr 3, 2025 | $0.2850 | regular |
| Dec 4, 2024 | Jan 9, 2025 | $0.2750 | regular |
| Sep 4, 2024 | Oct 10, 2024 | $0.2750 | regular |
| Jun 5, 2024 | Jul 11, 2024 | $0.2750 | regular |
| Feb 6, 2024 | Apr 4, 2024 | $0.2750 | regular |
| Dec 5, 2023 | Jan 11, 2024 | $0.2500 | regular |
| Sep 5, 2023 | Oct 12, 2023 | $0.2500 | regular |
| Jun 6, 2023 | Jul 13, 2023 | $0.2500 | regular |
Income Calculator
At $1.18 / yr per share
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