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Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves, as well as downhole tools. It also provides technical advisory services, and rework and reconditioning services, as well as rental and purchase of running tools for use in the installation and retrieval of its products; and downhole tools comprise of liner hangers, production packers, safety valves, and specialty downhole tools that are used to hang-off and seal casing into a previously installed casing string in the well bore. The company's products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs; and for drilling and production of oil and gas wells on offshore platforms, tension leg platforms, and Spars, as well as moored vessels, such as floating production, storage, and offloading monohull moored vessels. It sells its products directly through its sales personnel, independent sales agents, and representatives to integrated, independent, and foreign national oil and gas companies, as well as drilling contractors, and engineering and construction companies. The company was founded in 1981 and is headquartered in Houston, Texas.

Dril-Quip Dividend Announcement

• Dril-Quip does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Dril-Quip dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Dril-Quip Dividend History

Dril-Quip Dividend Yield

Dril-Quip current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Dril-Quip stock? Use our calculator to estimate your expected dividend yield:

Dril-Quip Financial Ratios

P/E ratio-19.66
PEG ratio-13.78
P/B ratio0.62
ROE-3.12%
Payout ratio0.00%
Current ratio5.60
Quick ratio3.98
Cash Ratio1.50

Dril-Quip Dividend FAQ

Does Dril-Quip stock pay dividends?
Dril-Quip does not currently pay dividends to its shareholders.
Has Dril-Quip ever paid a dividend?
No, Dril-Quip has no a history of paying dividends to its shareholders. Dril-Quip is not known for its dividend payments.
Why doesn't Dril-Quip pay dividends?
There are several potential reasons why Dril-Quip would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Dril-Quip ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Dril-Quip has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Dril-Quip a dividend aristocrat?
Dril-Quip is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Dril-Quip a dividend king?
Dril-Quip is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Dril-Quip a dividend stock?
No, Dril-Quip is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Dril-Quip stocks?
To buy Dril-Quip you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Dril-Quip stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.