Published on 24 Feb 2024 on Simply Wall St. via Yahoo Finance

There's A Lot To Like About Patterson-UTI Energy's (NASDAQ:PTEN) Upcoming US$0.08 Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Patterson-UTI Energy's shares on or after the 29th of February will not receive the dividend, which will be paid on the 15th of March.

The company's next dividend payment will be US$0.08 per share, and in the last 12 months, the company paid a total of US$0.32 per share. Looking at the last 12 months of distributions, Patterson-UTI Energy has a trailing yield of approximately 2.8% on its current stock price of US$11.57. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Patterson-UTI Energy has been able to grow its dividends, or if the dividend might be cut.

View our latest analysis for Patterson-UTI Energy