Looking at the universe of stocks we cover at Dividend Channel, on 12/13/13, Patterson-UTI Energy Inc. (PTEN) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 12/31/13. As a percentage of PTEN's recent stock price of $23.37, this dividend works out to approximately 0.21%.
Below is a dividend history chart for PTEN, showing historical dividends prior to the most recent $0.05 declared by Patterson-UTI Energy Inc.:
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 0.86% 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:Looking at the chart above, PTEN's low point in its 52 week range is $17.25 per share, with $25.48 as the 52 week high point — that compares with a last trade of $23.37.
According to the ETF Finder at ETF Channel, PTEN makes up 2.78% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES) which is trading lower by about 0.1% on the day Wednesday. In Wednesday trading, Patterson-UTI Energy Inc. shares are currently off about 0.4% on the day.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts