Weatherford International Declares $0.275 Quarterly Dividend
Weatherford International plc (NYSE: WFT), an oilfield services company, declared a quarterly cash dividend of $0.275 per share. The dividend is payable in June to shareholders of record in early May.
Weatherford International plc (NYSE: WFT), an oilfield services company, declared a quarterly cash dividend of $0.275 per share on April 16, 2026. The dividend will be paid to shareholders of record as of May 6, 2026. Read more dividend announcements.
The company will distribute the dividend on June 4, 2026. An ex-dividend date has not yet been announced.
| Dividend Details | Information |
|---|---|
| Amount | $0.275 per share |
| Record Date | May 6, 2026 |
| Ex-Dividend Date | To be announced |
| Payment Date | June 4, 2026 |
| Declaration Date | April 16, 2026 |
First Quarter Shareholder Returns
During the first quarter of 2026, Weatherford returned $30 million to shareholders through a combination of dividends and share repurchases. The company paid $20 million in dividends and repurchased $10 million worth of shares during the quarter.
Corporate Restructuring
Weatherford announced a proposal to redomesticate from Ireland to the United States, with Texas as its new legal home. The company expects to complete the redomestication in the third quarter of 2026, subject to shareholder and other customary approvals.
The transition is intended to align Weatherford's corporate structure with its operating profile, simplify administrative requirements, reduce compliance costs, and provide access to larger U.S. shareholder and lender bases.
First Quarter Business Performance
Weatherford's Drilling and Evaluation segment reported revenue of $321 million for the first quarter of 2026, down 8% year-over-year from $350 million. The decline was driven by lower activity in Latin America, Middle East/North Africa/Asia, and North America, partially offset by increased Wireline and Drilling Services activity in Europe, Sub-Sahara Africa, and Russia.
Segment adjusted EBITDA for the quarter was $72 million, representing a 22.4% margin, compared to $74 million and a 21.1% margin in the prior-year period.