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Superior Drilling Products, Inc., a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States, Canada, the Middle East, and Eastern Europe. Its drilling solutions include Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system technology; and V-Stream, an advanced conditioning system. The company also engages in the manufacture and refurbishment of polycrystalline diamond compact drill bits for an oil field services company. It serves oil and natural gas drilling industry. The company was formerly known as SD Company, Inc. and changed its name to Superior Drilling Products, Inc. in May 2014. Superior Drilling Products, Inc. was founded in 1993 and is headquartered in Vernal, Utah.

Superior Drilling Products Dividend Announcement

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

Superior Drilling Products Dividend History

Superior Drilling Products Dividend Yield

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

Superior Drilling Products Financial Ratios

P/E ratio7.49
PEG ratio0.07
P/B ratio2.04
ROE31.10%
Payout ratio0.00%
Current ratio1.79
Quick ratio1.18
Cash Ratio0.47

Superior Drilling Products Dividend FAQ

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