ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies worldwide. The company's Production Chemical Technologies segment offers onshore and offshore chemical solutions, such as corrosion inhibitors, scale inhibitors, emulsion breakers, and biocides to oil and natural gas production and midstream markets to manage and control corrosion, oil and water separation, flow assurance, sour gas treatment, and water-related issues. The company's Production & Automation Technologies segment provides artificial lift equipment, end-to-end automation and digital solutions, and other production equipment, including electrical submersible pumping systems, gas lift systems, jet pumps, multiplex surface pumps, plunger lift equipment, progressive cavity pumping systems, downhole rod lift systems, emissions monitoring solutions, chemical injection systems, flow control valves, and gauges under the Harbison-Fischer, Norris, Alberta Oil Tool, Oil Lift Technology, PCS Ferguson, Pro-Rod, Upco, Unbridled ESP, Norriseal-Wellmark, Quartzdyne, Spirit, Theta, Timberline, and Windrock brands. The company's Drilling Technologies segment offers polycrystalline diamond cutter inserts, bearings, valves, and mining tools under the US Synthetic brand for use in oil and gas drill bits, renewable energy applications, mixers, and agitators; and high-density ceramic roof bolt mining tools for underground mining operations. The company's Reservoir Chemical Technologies segment provides chemistry-oriented solutions and technologies for well drilling, cementing, fracturing, acidizing, and other well interventions, as well as fracturing fluid packages, drilling and cement additives, and products for acidizing activities. ChampionX Corporation is headquartered in The Woodlands, Texas.
ChampionX Dividend Announcement
• ChampionX announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-10-04
• ChampionX annual dividend for 2024 was $0.37
• ChampionX annual dividend for 2023 was $0.33
• ChampionX's trailing twelve-month (TTM) dividend yield is 1.3%
• ChampionX's payout ratio for the trailing twelve months (TTM) is 21.96%
ChampionX Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-04 | $0.10 | quarterly | 2024-10-25 |
2024-07-05 | $0.10 | quarterly | 2024-07-26 |
2024-04-04 | $0.10 | quarterly | 2024-04-26 |
2024-01-04 | $0.09 | quarterly | 2024-01-26 |
2023-10-05 | $0.09 | quarterly | 2023-10-27 |
2023-07-06 | $0.09 | quarterly | 2023-07-28 |
2023-04-05 | $0.09 | quarterly | 2023-04-28 |
2023-01-05 | $0.07 | quarterly | 2023-01-27 |
2022-10-06 | $0.07 | quarterly | 2022-10-28 |
2022-06-30 | $0.07 | quarterly | 2022-07-29 |
2022-04-07 | $0.07 | quarterly | 2022-04-29 |
ChampionX Dividend per year
ChampionX Dividend growth
ChampionX Dividend Yield
ChampionX current trailing twelve-month (TTM) dividend yield is 1.3%. Interested in purchasing ChampionX stock? Use our calculator to estimate your expected dividend yield:
ChampionX Financial Ratios
ChampionX Dividend FAQ
Other factors to consider when evaluating ChampionX as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: ChampionX's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, ChampionX publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, ChampionX distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from ChampionX are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: ChampionX sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, ChampionX distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: ChampionX declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of ChampionX's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review ChampionX's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.