SmarterDividends
PTEN

Patterson-UTI Energy, Inc.

PTEN

Energy · Oil & Gas Drilling · Stock · quarterly payer

$11.50

Undervalued · +103% Add to Portfolio

Forward Yield

3.48%

Annual Dividend

$0.40

Payout Ratio

133%

5-Yr Growth

32.0%

Ex-Date

Sep 1, 2026

Frequency

Quarterly

Key facts about PTEN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Patterson-UTI Energy, Inc. (PTEN) has a forward dividend yield of 3.48%, based on an annual dividend of $0.40 per share and a share price of $11.50.
  • As of Oct 18, 2026, PTEN's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • PTEN last cut its regular dividend in 2020.
  • PTEN's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.10 per share.
  • As of Oct 18, 2026, PTEN pays out 133% of its trailing 12-month earnings as dividends (its payout ratio).
  • PTEN's dividend has grown at an average rate of 32.0% a year over the past five years.
  • As of Oct 18, 2026, PTEN's 3.48% yield is 34% above its five-year average yield of 2.60%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PTEN is $23.29 per share, 103% above the $11.50 share price, so PTEN screens as undervalued.
  • Patterson-UTI Energy, Inc. (PTEN) pays its dividend quarterly, 4 times a year.
  • Patterson-UTI Energy, Inc. (PTEN) has raised its regular dividend 9 times and cut it 3 times across the 90 payments on record since 2004. Its most recent change was a 25.0% increase to $0.100 per share, going ex-dividend on Mar 2, 2026. The last cut went ex-dividend on Jun 3, 2020.
Cite this page

SmarterDividends, "PTEN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PTEN

Summary

As of Oct 18, 2026, Patterson-UTI Energy, Inc. (PTEN) yields 3.48% ($0.40 a year per share) and has a dividend safety grade of C (59/100).

Is PTEN a good dividend stock?

Yes, with caveats

Patterson-UTI Energy, Inc. (PTEN) pays a quarterly dividend yielding 3.48% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Strong 32.0% 5-yr dividend growth
  • 63% total price return over 5 years

Risks

  • Cut its dividend in 2020
  • Elevated payout ratio (133%)

Key Data

Dividend Yield
3.48%
Payout Ratio
133%
Annual Dividend
$0.40
5-Yr Avg Growth
32.0%
Ex-Dividend Date
Sep 1, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.78
Market Cap
$4.4B
P/E Ratio
—
5-Yr Total Return
63%
52-Week Range
$5.24 – $13.39
Dividend Safety
C · 59/100
Ever Cut?
Yes (2020)

PTEN dividend raises and cuts

Patterson-UTI Energy, Inc. (PTEN) has raised its regular dividend 9 times and cut it 3 times across the 90 payments on record since 2004. Its most recent change was a 25.0% increase to $0.100 per share, going ex-dividend on Mar 2, 2026. The last cut went ex-dividend on Jun 3, 2020.

Ex-dateChangeOld → newMove
Mar 2, 2026Raise$0.0800 → $0.100+25.0%
Nov 30, 2022Raise$0.0400 → $0.0800+100.0%
Mar 2, 2022Raise$0.0200 → $0.0400+100.0%
Jun 3, 2020Cut$0.0400 → $0.0200−50.0%
Jun 6, 2018Raise$0.0200 → $0.0400+100.0%
Jun 7, 2016Cut$0.100 → $0.0200−80.0%
Mar 10, 2014Raise$0.0500 → $0.100+100.0%
Mar 10, 2009Cut$0.160 → $0.0500−68.8%
Jun 10, 2008Raise$0.120 → $0.160+33.3%
Jun 12, 2007Raise$0.0800 → $0.120+50.0%
Jun 13, 2006Raise$0.0400 → $0.0800+100.0%
Feb 24, 2005Raise$0.0200 → $0.0400+100.0%
Every PTEN payment →Download every raise and cut (CSV)
PTEN ex-dividend date & scheduleNext ex-date Sep 1, 2026 · full ex-dividend historyView →PTEN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PTEN a good dividend stock?

Yes, with caveats. Patterson-UTI Energy, Inc. (PTEN) pays a quarterly dividend yielding 3.48% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is PTEN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PTEN's fair value is about $23.29 versus a $11.50 share price — so it looks undervalued (+103% vs. fair value).

Is PTEN's dividend safe?

PTEN has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is PTEN's fair value?

Our blended fair-value estimate for PTEN is about $23.29 per share, roughly 103% above the current $11.50 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PTEN a buy, hold, or sell?

We don't issue formal ratings, but on the data PTEN screens as "yes, with caveats" and undervalued. Patterson-UTI Energy, Inc. (PTEN) pays a quarterly dividend yielding 3.48% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will PTEN cut its dividend?

PTEN earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PTEN pay a dividend?

Yes. Patterson-UTI Energy, Inc. pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 3.48%.

What is PTEN's dividend yield?

As of Oct 18, 2026, PTEN's forward dividend yield is 3.48%, based on a $0.40 annual dividend and a $11.50 share price.

What is PTEN's dividend per share?

As of Oct 18, 2026, PTEN pays $0.40 per share per year, distributed on a quarterly basis.

What is PTEN's dividend payout ratio?

As of Oct 18, 2026, PTEN's payout ratio is 133% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PTEN grown its dividend?

PTEN does not currently have a long dividend-growth streak on record.

When is the next PTEN ex-dividend date?

As of Oct 18, 2026, PTEN's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.10 per share.

Income Calculator

At $0.40 / yr per share

Per payment (quarterly)$10.00
Annual$40.00
Monthly avg$3.33

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