May 20, 2020 / 10:58 AM / 13 days ago

Halliburton slashes dividend by 75% in latest cost-cutting move

May 20 (Reuters) - Oilfield services provider Halliburton Co on Wednesday slashed its quarterly dividend by 75%, the latest in a string of cost cutting moves to cope with the dramatic plunge in oil prices that began in March.

The company set a dividend of $0.045 per share payable on June 24, down from $0.18 per share paid on March 25. (Reporting by Shariq Khan in Bengaluru; Editing by Anil D'Silva)

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