United Drilling Tools Limited manufactures and sells wire line and well service equipment, gas lift equipment, downhole tools, and OD casing pipes and connectors worldwide. The company offers wireline winch units, including slimsplit, flyline, surveyline, truckline, landline, scrapping, and wireline accessories; down hole tools, such as replaceable/interchangeable sleeve stabilizers, integral blade stabilizers, rotary reamers, subs, and lifting subs and plugs; and high-performance connectors. It also provides artificial gas lift equipment comprising wireline retrievable gas lift valves, orifice valves, side pocket mandrels, dummy and equalizing valves, latches, standing valves and seating nipples, running and pulling tools, conventional casing pressure operated gas lift valves, conventional tubing pressure operated gas lift valves, conventional check valves, and conventional gas lift mandrels, as well as casing pipes with connector. The company serves oil and gas, drilling, and allied industries. United Drilling Tools Limited was incorporated in 1985 and is headquartered in Noida, India.
United Drilling Tools Dividend Announcement
• United Drilling Tools announced a semi annually dividend of ₹1.20 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-08-27
• United Drilling Tools annual dividend for 2024 was ₹1.80
• United Drilling Tools annual dividend for 2023 was ₹1.80
• United Drilling Tools's trailing twelve-month (TTM) dividend yield is 0.76%
United Drilling Tools Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-27 | ₹1.20 | semi annually | 2024-10-25 |
2024-02-23 | ₹0.60 | semi annually | |
2023-08-25 | ₹1.20 | semi annually | 2023-10-26 |
2023-02-22 | ₹0.60 | semi annually | 2023-03-13 |
2022-09-15 | ₹0.60 | semi annually | 2022-10-26 |
2022-08-25 | ₹0.60 | semi annually | 2022-09-12 |
2022-02-17 | ₹0.90 | semi annually | 2022-03-11 |
2021-09-17 | ₹0.60 | semi annually | 2021-10-14 |
2021-08-03 | ₹0.60 | semi annually | 2021-08-23 |
2021-02-23 | ₹0.90 | semi annually | 2021-03-15 |
United Drilling Tools Dividend per year
United Drilling Tools Dividend growth
United Drilling Tools Dividend Yield
United Drilling Tools current trailing twelve-month (TTM) dividend yield is 0.76%. Interested in purchasing United Drilling Tools stock? Use our calculator to estimate your expected dividend yield:
United Drilling Tools Financial Ratios
United Drilling Tools Dividend FAQ
Other factors to consider when evaluating United Drilling Tools 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: United Drilling Tools'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, United Drilling Tools 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, United Drilling Tools 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 United Drilling Tools 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: United Drilling Tools 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, United Drilling Tools distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: United Drilling Tools 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 United Drilling Tools'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 United Drilling Tools'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.