Does Patterson-UTI Energy (PTEN) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. Patterson-UTI Energy (PTEN) pays a dividend yielding about 3.81% as of August 2026, paid quarterly, four times a year. The latest payment on record was $0.10 per share, ex-dividend June 1, 2026. The forward annual rate is roughly $0.40 per share, about $381 a year on a $10,000 position before tax. Figures are approximate and dated; verify the current number with your broker.
Does Patterson-UTI Energy (PTEN) pay a dividend?
Yes. Patterson-UTI Energy distributes a dividend yielding roughly 3.81% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.10 per share, with an ex-dividend date of June 1, 2026. Annualized, that is about $0.40 per share.
As of April 2026, PTEN traded at a low-single-digit EV/EBITDA multiple typical of cyclical oilfield services names, reflecting soft near-term activity and a first-quarter net loss. Full-year 2025 revenue of roughly $4.8 billion was down about 10% year over year, and the company held about $337 million of cash against roughly $1.23 billion of long-term debt. The valuation compresses in downturns and can expand quickly if drilling and completion demand recovers.
PTEN dividend at a glance
| 2026-06-01 | $0.1 |
| 2026-03-02 | $0.1 |
| 2025-12-01 | $0.08 |
| 2025-09-02 | $0.08 |
| 2025-06-02 | $0.08 |
| 2025-03-03 | $0.08 |
PTEN dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with PTEN's investor relations page before relying on it.
Is the PTEN dividend covered?
Patterson-UTI Energy paid out about 213% of reported net income as dividends, which means the dividend was larger than accounting earnings over the period. That sounds alarming and sometimes is, but it is normal and expected for REITs, BDCs, and companies carrying large non-cash charges such as amortization, because those businesses are judged on cash measures (FFO, AFFO, or distributable net investment income) rather than GAAP net income. The useful check for PTEN is whether the cash-flow measure covers the payout, not the earnings-based ratio.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the PTEN dividend has changed
The latest payment of $0.10 per share compares with $0.0800 in the equivalent payment a year earlier (June 2, 2025). That is a change of 25.0% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on PTEN's investor relations page.
What PTEN's dividend means for you
- Income: about $381 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for PTEN the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How PTEN dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the PTEN dividend
Patterson-UTI Energy (PTEN) pays about 3.81%, or roughly $0.40 per share a year. That is a genuine income yield, so the payout is a real part of the case for holding it, and the coverage question above is the one to answer first. For the full picture see the PTEN guide. Walnut can show how PTEN fits your real portfolio. It is not an investment adviser.
Investing in Patterson-UTI Energy with AI
Connect the broker you already use and ask Walnut's AI how PTEN fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Does Patterson-UTI Energy (PTEN) pay a dividend?
+
Yes. Patterson-UTI Energy pays a dividend yielding roughly 3.81% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.10 per share with an ex-dividend date of June 1, 2026. That works out to a forward annual rate of about $0.40 per share. Yields move with the share price, so verify the current figure with your broker or PTEN's investor relations page before relying on it.
What is PTEN's dividend yield?
+
About 3.81% as of August 2026. On a $10,000 position that is roughly $381 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so PTEN yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does PTEN pay its dividend?
+
Patterson-UTI Energy pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of June 1, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on PTEN's investor relations page, because boards can change both the amount and the timing.
When is PTEN's ex-dividend date?
+
The ex-dividend date recorded in our August 2026 data pull is September 1, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check PTEN's investor relations page for the next confirmed date.
Has Patterson-UTI Energy raised its dividend recently?
+
Yes. The latest payment of $0.10 per share is above the $0.0800 paid in the same slot a year earlier, an increase of about 25.0%. One raise is not a policy, though: check the multi-year record on PTEN's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is PTEN's dividend safe?
+
Patterson-UTI Energy paid out about 213% of reported net income as dividends, which means the dividend was larger than accounting earnings over the period. That sounds alarming and sometimes is, but it is normal and expected for REITs, BDCs, and companies carrying large non-cash charges such as amortization, because those businesses are judged on cash measures (FFO, AFFO, or distributable net investment income) rather than GAAP net income. The useful check for PTEN is whether the cash-flow measure covers the payout, not the earnings-based ratio. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in PTEN?
+
At a yield of about 3.81%, roughly $381 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are PTEN dividends qualified for tax purposes?
+
Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest PTEN dividends?
+
Most brokers offer automatic reinvestment (a DRIP) that puts each PTEN payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does PTEN pay a dividend?
+
Yes. PTEN pays a quarterly dividend, raised 25% to $0.10 per share for 2026 (about $0.40 annualized), which translated to a yield near 4.3% as of April 2026. It also commits to returning at least 50% of adjusted free cash flow to shareholders.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with PTEN's investor relations page or your broker before acting on them.