Table of Contents

company-logo

Drilling Tools International Corp. provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole desander and filters; non-mag and steel drill collars; tubulars; flapper plugs; and well bore conditioning and fraction reduction technologies. The company also provides hole openers, roller reamers, and extended reach drilling tools; stabilizers comprising integral blade, sleeve, and welded blade string stabilizers, as well as hard facing tools; stinger valves; and sub-assemblies, which includes heat-treated steel and non-magnetic metal subs. In addition, it offers handling tools, such as elevators, brackets and bail assembly, slips, tongs, stabbing guides, and safety clamps; blowout preventors and pressure control equipment; and drilling accessories including float valve, ring gauge, tool basket, lift bail, and ditch magnet. Further, the company provides downhole inspection, well fence data automation, and compass services. Drilling Tools International Corp. was founded in 1984 and is headquartered in Houston, Texas.

Drilling Tools International Dividend Announcement

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

Drilling Tools International Dividend History

Drilling Tools International Dividend Yield

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

Drilling Tools International Financial Ratios

P/E ratio13.25
PEG ratio0.13
P/B ratio0.88
ROE8.26%
Payout ratio0.00%
Current ratio1.32
Quick ratio0.99
Cash Ratio0.23

Drilling Tools International Dividend FAQ

Does Drilling Tools International stock pay dividends?
Drilling Tools International does not currently pay dividends to its shareholders.
Has Drilling Tools International ever paid a dividend?
No, Drilling Tools International has no a history of paying dividends to its shareholders. Drilling Tools International is not known for its dividend payments.
Why doesn't Drilling Tools International pay dividends?
There are several potential reasons why Drilling Tools International 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 Drilling Tools International 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 Drilling Tools International 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 Drilling Tools International a dividend aristocrat?
Drilling Tools International 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 Drilling Tools International a dividend king?
Drilling Tools International 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 Drilling Tools International a dividend stock?
No, Drilling Tools International 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 Drilling Tools International stocks?
To buy Drilling Tools International 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 Drilling Tools International 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.