Looking at the universe of stocks we cover at Dividend Channel , on 12/5/18, Patterson-UTI Energy Inc. (Symbol: PTEN) will trade ex-dividend, for its quarterly dividend of $0.04, payable on 12/20/18. As a percentage of PTEN's recent stock price of $14.36, this dividend works out to approximately 0.28%.
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 1.11% 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 $13.73 per share, with $25.03 as the 52 week high point - that compares with a last trade of $14.41.
In Monday trading, Patterson-UTI Energy Inc. shares are currently up about 3.5% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.