Unit Corporation Announces Payment and Record Dates for Second Quarter Cash Dividend

Rhea-AI Summary

Unit (OTCQX: UNTC) has announced the payment and record dates for its second-quarter cash dividend for 2024. The dividend is set at $1.25 per share and will be distributed on June 27, 2024. Shareholders eligible for this payout must be on record by the close of business on June 17, 2024. The dividend will be financed using cash available on the company's balance sheet.

Positive

• Quarterly cash dividend of $1.25 per share announced.
• Dividend payment date is June 27, 2024.
• Record date for dividend eligibility is June 17, 2024.
• Dividend funded by existing cash on the balance sheet.

Negative

• None.

TULSA, Okla.--(BUSINESS WIRE)-- Unit Corporation (OTCQX: UNTC) (Company) announced today that the previously announced quarterly cash dividend of $1.25 per share of common stock for the second quarter of 2024 will be paid on June 27, 2024, to shareholders of record as of the close of business on June 17, 2024. The quarterly cash dividend will be funded by cash on the Company’s balance sheet.

About Unit Corporation

Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and gas production and contract drilling. For more information about Unit Corporation, visit its website at http://www.unitcorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240606237736/en/

Rene Punch

Investor Relations

(918) 493-7700

www.unitcorp.com

Source: Unit Corporation

FAQ

What is the dividend payment date for UNTC in Q2 2024?

The dividend payment date for UNTC in Q2 2024 is June 27, 2024.

What is the record date for the UNTC Q2 2024 dividend?

The record date for the UNTC Q2 2024 dividend is June 17, 2024.

How much is the UNTC Q2 2024 dividend per share?

The UNTC Q2 2024 dividend is $1.25 per share.

How is the UNTC Q2 2024 dividend funded?

The UNTC Q2 2024 dividend is funded by cash on the company's balance sheet.