Schlumberger (NYSE:SLB) Declares Dividend Ahead of Earnings Report

Schlumberger LTD (NYSE:SLB) declared a dividend of 21 cents a share, a day ahead of its quarterly report on Friday morning.

Analysts are expecting the largest oilfield services firm in the world to generate a profit of 61 cents a share.

The dividend is payable to shareholders of record on June 2 and will be paid out on July 2, 2010.