Patterson-UTI Energy, Inc.

NasdaqGS:PTEN Stock Report

Market Cap: US$4.3b

Patterson-UTI Energy Dividend

Dividend criteria checks 4/6

Patterson-UTI Energy is a dividend paying company with a current yield of 2.96% that is well covered by earnings. Next payment date is on 17th June, 2024 with an ex-dividend date of 3rd June, 2024.

Key information

3.0%

Dividend yield

53%

Payout ratio

Industry average yield2.3%
Next dividend pay date17 Jun 24
Ex dividend date03 Jun 24
Dividend per sharen/a
Earnings per shareUS$0.49
Dividend yield forecast in 3Y3.3%

Recent dividend updates

Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08

May 23
Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08

Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08

May 07
Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08

Recent updates

Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08

May 23
Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08

Patterson-UTI: The Worm Has Turned In Gas

May 22

Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08

May 07
Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

May 03
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Business Is Trailing The Market But Its Shares Aren't

Apr 25
Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Business Is Trailing The Market But Its Shares Aren't

Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Mar 08
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Patterson-UTI Grows With NexTier Merger

Jan 15

Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Jan 03
Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly

Dec 13
Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly

Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings

Nov 16
Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings

Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?

Nov 05
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?

Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%

Sep 08
Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%

These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well

Aug 22
These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well

An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued

Aug 01
An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued

Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?

May 05
Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?

Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08

Nov 20
Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08

Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08

Nov 03
Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08

Patterson-UTI Energy Is Likely To Greatly Benefit From OPEC's Decision But It Remains Risky

Oct 10

Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Oct 10
Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt

Sep 19
We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt

Patterson-UTI Energy goes ex-dividend tomorrow

Aug 30

Patterson-UTI Energy Q2 2022 Earnings Preview

Jul 27

A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Jul 09
A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?

May 18
Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?

Upcoming Dividend Payment

TodayMay 25 2024Ex Dividend DateJun 03 2024Dividend Pay DateJun 17 202414 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: PTEN's dividend payments have been volatile in the past 10 years.

Growing Dividend: PTEN's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Patterson-UTI Energy Dividend Yield vs Market
How does PTEN dividend yield compare to the market?
SegmentDividend Yield
Company (PTEN)3.0%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.7%
Industry Average (Energy Services)2.3%
Analyst forecast in 3 Years (PTEN)3.3%

Notable Dividend: PTEN's dividend (2.96%) is higher than the bottom 25% of dividend payers in the US market (1.51%).

High Dividend: PTEN's dividend (2.96%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (53.1%), PTEN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.2%), PTEN's dividend payments are well covered by cash flows.


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