Patterson-UTI Energy: Dividend and Market Insights Ahead of Ex-Dividend Date on Jun 2, 2025

Patterson-UTI Energy has announced a dividend of $0.080 per share, with the ex-dividend date set for Jun 2, 2025. The announcement was made on Apr 24, 2025, and the dividend is scheduled to be paid on Jun 16, 2025. This dividend amount is higher compared to the average of the last 10 dividends, which stands at approximately $0.060 per share. The most recent dividend, paid on Mar 17, 2025, was also $0.080 per share. The dividend type is a cash dividend.

Recently, Patterson-UTI Energy has been the focus of several key financial updates. As of late, Citi analysts have downgraded Patterson-UTI Energy's stock, indicating potential challenges in the company's market performance. Meanwhile, over the past week, JP Morgan has adjusted its price target for Patterson-UTI Energy, lowering it from $9 to $7, while maintaining a Neutral stance. This revision reflects recent assessments of the company's financial health and market conditions. Additionally, Neo Ivy Capital Management has made a significant investment of $364,000 in Patterson-UTI Energy, despite the stock trading down 2.9%, closing at $5.61 on the specified date. Analysts suggest these trends might influence the company’s future operations and investor sentiment.

In conclusion, Patterson-UTI Energy's ex-dividend date on Jun 2, 2025, marks the deadline for investors aiming to benefit from the upcoming dividend distribution. Purchases made after this date will not qualify for the current dividend payout.