secwatch.observer — SEC 8-K summary
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Issuer:     Baker Hughes Co (BKR)
CIK:        0001701605
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001701605-22-000156
Event type: other
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1701605/000170160522000156/0001701605-22-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/808362/000170160522000156/bkr-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001701605-22-000156

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