Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
Patterson-UTI Energy Dividend Announcement
• Patterson-UTI Energy announced a quarterly dividend of $0.08 per ordinary share which will be made payable on 2024-12-16. Ex dividend date: 2024-12-02
• Patterson-UTI Energy annual dividend for 2024 was $0.32
• Patterson-UTI Energy annual dividend for 2023 was $0.32
• Patterson-UTI Energy's trailing twelve-month (TTM) dividend yield is 3.71%
• Patterson-UTI Energy's payout ratio for the trailing twelve months (TTM) is -15.09%
• Patterson-UTI Energy's dividend growth over the last five years (2018-2023) was 17.98% year
• Patterson-UTI Energy's dividend growth over the last ten years (2013-2023) was 4.81% year
Patterson-UTI Energy Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-02 | $0.08 | quarterly | 2024-12-16 |
| 2024-09-03 | $0.08 | quarterly | 2024-09-16 |
| 2024-06-03 | $0.08 | quarterly | 2024-06-17 |
| 2024-02-29 | $0.08 | quarterly | 2024-03-15 |
| 2023-11-30 | $0.08 | quarterly | 2023-12-15 |
| 2023-09-06 | $0.08 | quarterly | 2023-09-21 |
| 2023-05-31 | $0.08 | quarterly | 2023-06-15 |
| 2023-03-01 | $0.08 | quarterly | 2023-03-16 |
| 2022-11-30 | $0.08 | quarterly | 2022-12-15 |
| 2022-08-31 | $0.04 | quarterly | 2022-09-15 |
| 2022-06-01 | $0.04 | quarterly | 2022-06-16 |
| 2022-03-02 | $0.04 | quarterly | 2022-03-17 |
| 2021-12-01 | $0.02 | quarterly | 2021-12-16 |
| 2021-09-01 | $0.02 | quarterly | 2021-09-16 |
| 2021-06-02 | $0.02 | quarterly | 2021-06-17 |
| 2021-03-03 | $0.02 | quarterly | 2021-03-18 |
| 2020-12-02 | $0.02 | quarterly | 2020-12-17 |
| 2020-09-02 | $0.02 | quarterly | 2020-09-17 |
| 2020-06-03 | $0.02 | quarterly | 2020-06-18 |
| 2020-03-04 | $0.04 | quarterly | 2020-03-19 |
| 2019-12-04 | $0.04 | quarterly | 2019-12-19 |
| 2019-09-04 | $0.04 | quarterly | 2019-09-19 |
| 2019-06-05 | $0.04 | quarterly | 2019-06-20 |
| 2019-03-06 | $0.04 | quarterly | 2019-03-21 |
| 2018-12-06 | $0.04 | quarterly | 2018-12-20 |
| 2018-09-05 | $0.04 | quarterly | 2018-09-20 |
| 2018-06-06 | $0.04 | quarterly | 2018-06-21 |
| 2018-03-07 | $0.02 | quarterly | 2018-03-22 |
| 2017-12-06 | $0.02 | quarterly | 2017-12-21 |
| 2017-09-06 | $0.02 | quarterly | 2017-09-21 |
| 2017-06-06 | $0.02 | quarterly | 2017-06-22 |
| 2017-03-06 | $0.02 | quarterly | 2017-03-22 |
| 2016-12-06 | $0.02 | quarterly | 2016-12-22 |
| 2016-09-06 | $0.02 | quarterly | 2016-09-22 |
| 2016-06-07 | $0.02 | quarterly | 2016-06-23 |
| 2016-03-08 | $0.10 | quarterly | 2016-03-24 |
| 2015-12-08 | $0.10 | quarterly | 2015-12-24 |
| 2015-09-08 | $0.10 | quarterly | 2015-09-24 |
| 2015-06-08 | $0.10 | quarterly | 2015-06-24 |
| 2015-03-09 | $0.10 | quarterly | 2015-03-25 |
| 2014-12-08 | $0.10 | quarterly | 2014-12-24 |
| 2014-09-08 | $0.10 | quarterly | 2014-09-24 |
| 2014-06-10 | $0.10 | quarterly | 2014-06-26 |
| 2014-03-10 | $0.10 | quarterly | 2014-03-27 |
| 2013-12-13 | $0.05 | quarterly | 2013-12-31 |
| 2013-09-12 | $0.05 | quarterly | 2013-09-30 |
| 2013-06-12 | $0.05 | quarterly | 2013-06-28 |
| 2013-03-13 | $0.05 | quarterly | 2013-03-29 |
Patterson-UTI Energy Dividend per year
Patterson-UTI Energy Dividend growth
Patterson-UTI Energy Dividend Yield
Patterson-UTI Energy current trailing twelve-month (TTM) dividend yield is 3.71%. Interested in purchasing Patterson-UTI Energy stock? Use our calculator to estimate your expected dividend yield:
Patterson-UTI Energy Financial Ratios
P/E ratio-3.95
PEG ratio0.32
P/B ratio0.95
ROE-19.29%
Payout ratio-15.09%
Current ratio1.52
Quick ratio1.32
Cash Ratio0.13
Patterson-UTI Energy Dividend FAQ
How much is the next Patterson-UTI Energy dividend?
Patterson-UTI Energy's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Patterson-UTI Energy dividend. The next Patterson-UTI Energy dividend will be released in March, May, September, or November.
When is Patterson-UTI Energy dividend paid?
Patterson-UTI Energy pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, May, September, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Patterson-UTI Energy pay?
The specific amount of Patterson-UTI Energy dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Patterson-UTI Energy's dividend history.
Does Patterson-UTI Energy stock pay dividends?
Yes, Patterson-UTI Energy does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Patterson-UTI Energy's dividend history.
How much dividend does Patterson-UTI Energy pay?
Patterson-UTI Energy paid $0.32 in 2024, $0.32 in 2023, $0.2 in 2022, $0.08 in 2021, and $0.1 in 2020.
How often does Patterson-UTI Energy pay dividends?
Patterson-UTI Energy typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, May, September, and November.
What is Patterson-UTI Energy's dividend yield?
The current dividend yield for Patterson-UTI Energy is 3.71%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Patterson-UTI Energy's exact dividend yield.
When does Patterson-UTI Energy go ex dividend?
Patterson-UTI Energy's ex-dividend date for the latest dividend was on 2024-12-02. Patterson-UTI Energy typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Patterson-UTI Energy dividend paid?
Patterson-UTI Energy pays dividends on a quarterly basis, typically around March, May, September, or November, but the exact dates can vary each year.
Will Patterson-UTI Energy increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Patterson-UTI Energy will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Patterson-UTI Energy dividend per share?
Patterson-UTI Energy paid $0.32 per share in 2024 and $0.32 per share in 2023. The amount of dividend per share that Patterson-UTI Energy pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Patterson-UTI Energy a dividend aristocrat?
No, 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 Patterson-UTI Energy a dividend king?
No, 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 Patterson-UTI Energy a dividend stock?
Yes, Patterson-UTI Energy is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Patterson-UTI Energy a good dividend stock?
Whether Patterson-UTI Energy is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Patterson-UTI Energy has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Patterson-UTI Energy 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.
Other factors to consider when evaluating Patterson-UTI Energy 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.
Does Patterson-UTI Energy pay dividends monthly?
Patterson-UTI Energy typically pays dividends on a quarterly basis.
Does Patterson-UTI Energy pay dividends quarterly?
Patterson-UTI Energy currently pays dividends on a quarterly basis.
Has Patterson-UTI Energy ever paid a dividend?
Yes, Patterson-UTI Energy has a history of paying dividends to its shareholders. Patterson-UTI Energy is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Patterson-UTI Energy dividend stocks?
To buy Patterson-UTI Energy 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Patterson-UTI Energy 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.
Place an order: Use the brokerage's trading platform to place an order to buy Patterson-UTI Energy 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.
When does Patterson-UTI Energy pay dividends 2024?
Patterson-UTI Energy pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-16. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Patterson-UTI Energy increase its dividend in 2024?
Decisions regarding Patterson-UTI Energy dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Patterson-UTI Energy dividend overview you can look into the above table of dividend history.
How Patterson-UTI Energy dividend works?
The Patterson-UTI Energy dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Patterson-UTI Energy's dividend process works:
1. Determination of Dividend: Patterson-UTI Energy'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, Patterson-UTI Energy 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, Patterson-UTI Energy 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 Patterson-UTI Energy 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. Determination of Dividend: Patterson-UTI Energy'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, Patterson-UTI Energy 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, Patterson-UTI Energy 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 Patterson-UTI Energy 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.
How are Patterson-UTI Energy dividends paid?
Patterson-UTI Energy dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Patterson-UTI Energy 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, Patterson-UTI Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Patterson-UTI Energy 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.
1. Record Date: Patterson-UTI Energy 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, Patterson-UTI Energy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Patterson-UTI Energy 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.
How many times does Patterson-UTI Energy pay dividends?
Patterson-UTI Energy typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Patterson-UTI Energy pay dividends?
The general pattern is that Patterson-UTI Energy pays dividends around March, May, September, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Patterson-UTI Energy dividend safe?
The safety of Patterson-UTI Energy's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Patterson-UTI Energy'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 Patterson-UTI Energy'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.
To assess the safety of Patterson-UTI Energy'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 Patterson-UTI Energy'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.