Markets

Ex-Div Reminder for Patterson-UTI Energy (PTEN)

Looking at the universe of stocks we cover at Dividend Channel , on 3/7/18, Patterson-UTI Energy Inc. (Symbol: PTEN) will trade ex-dividend, for its quarterly dividend of $0.02, payable on 3/22/18. As a percentage of PTEN's recent stock price of $18.99, this dividend works out to approximately 0.11%.

PTEN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PTEN is likely to continue, and whether the current estimated yield of 0.42% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PTEN shares, versus its 200 day moving average:

Patterson-UTI Energy Inc. 200 Day Moving Average Chart

Looking at the chart above, PTEN's low point in its 52 week range is $14.83 per share, with $27.92 as the 52 week high point - that compares with a last trade of $19.03.

According to the ETF Finder at ETF Channel, PTEN makes up 3.76% of the Oil Services ETF (Symbol: OIH) which is trading up by about 0.3% on the day Monday.

In Monday trading, Patterson-UTI Energy Inc. shares are currently up about 1% on the day.

Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PTEN OIH

Other Topics

Options