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TULSA, Okla. - Unit Corporation (OTCQX: UNTC), an energy company involved in oil and gas production and contract drilling, has declared a quarterly cash dividend of $1.25 per share for the first quarter of 2025. The dividend is scheduled to be disbursed on March 28, 2025, to shareholders recorded by the close of business on March 18, 2025. According to InvestingPro analysis, the company appears undervalued at its current market capitalization of $280 million.
The payment, which represents a return to investors holding the company’s common stock, will be made from the cash reserves on Unit Corporation’s balance sheet. The company maintains strong liquidity with a current ratio of 6.66 and trades at an attractive P/E ratio of 2.91x. This move reaffirms the company’s commitment to providing value to its shareholders and reflects its current financial health.
Unit Corporation, headquartered in Tulsa, Oklahoma, operates through its subsidiaries, focusing on the exploration and production of oil and natural gas, as well as offering onshore drilling services for other notable oil and gas companies. With EBITDA of $80 million in the last twelve months, the company has demonstrated profitability despite challenging market conditions. InvestingPro subscribers have access to 11 additional key insights about Unit Corporation’s financial health and market position.
The announcement of the dividend payment is based on a press release statement from Unit Corporation. The company’s strategic financial decisions are crucial for investors, as dividends are often seen as a sign of a company’s stability and profitability. Shareholders of Unit Corporation can expect the forthcoming payment at the end of March, marking an important date in the company’s financial calendar.
Investors and stakeholders in the energy sector monitor such distributions closely, as they can influence investment decisions and provide insights into a company’s performance and outlook. Unit Corporation’s upcoming dividend payment is a significant development for those holding its shares and for the market observers tracking the financial maneuvers of energy companies in the current economic climate.
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