Baker Hughes increases quarterly dividend to $0.19 and upsizes buyback authorization by $2B to $4B

Baker Hughes Co

Quarterly dividend raised 5.5% to $0.19 per share, payable Nov 18, 2022 to holders of record Nov 7.
Board authorized $2B additional repurchase common units, increasing total authorization to $4B.
Company repurchased ~$1.2B Class A shares under prior authorization as of Sep 30, 2022.
CEO reaffirms target to return 60-80% of free cash flow to shareholders, on track for >$1.5B in 2022.
Repurchase program has no expiration and will be funded from operations.

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