Schlumberger raising quarterly dividend by 25 percent to 50 cents per share

MarketsAssociated Press

Oil services company Schlumberger is raising its quarterly dividend by 25 percent, to 50 cents per share.

The dividend will be paid on April 10 to shareholders of record on Feb. 11.

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Schlumberger Ltd. has principal offices in Paris, Houston, London and The Hague. Its stock fell 84 cents to $77.55 Thursday.