UNITED DRILLING TOOLS LTD Dividend 2024, Record Date, Share Price, History

What Is United Drilling Tools Ltd.?

News: United Drilling Tools Ltd. (UNIDT) is an engineering company specializing in industrial equipment. They’ve been making waves in the market, and their dividend history is worth exploring.

The Dividend Announcement

For the financial year ending March 2023, United Drilling Tools declared an equity dividend of 18.00%, which translates to Rs 1.8 per share. This means that if you own shares in UNIDT, you’ll receive this dividend amount for each share you hold.

Record Date and Share Price Impact

The company recently announced a dividend of Rs 0.6 per share on February 9, 2024. The record date for this dividend is February 23, 2024. If you’re wondering what the record date is, it’s the date on which a shareholder must be registered in the company’s books to be eligible for the dividend. So, if you’re a shareholder as of February 23, 2024, you’re in line to receive this dividend.

Share Price Implications

The current share price of United Drilling Tools Ltd. stands at Rs 277.55. Keep in mind that dividends can impact share prices. When a company announces a dividend, it often attracts investors, which can lead to increased demand for the stock. As a result, the share price may see fluctuations.

Dividend Yield

The dividend yield is a crucial metric for investors. It tells us how much income a shareholder receives relative to the share price. For UNIDT, the dividend yield based on the current share price is 0.62%. While this might seem small, remember that dividends are just one part of the overall investment picture.

About UNITED DRILLING TOOLS LTD :

In the dynamic world of oil and gas exploration, United Drilling Tools Limited (UDT) stands tall as a global leader. Let’s delve into the fascinating story of this remarkable company.

Who Are They?

UDT is a world-renowned manufacturer of high-quality products used in upstream operations. Their expertise lies in crafting essential tools and equipment that keep the oil and gas industry moving forward.

Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.

What Sets Them Apart?

1. Precision and Quality: UDT’s products adhere to international standards (ISO 9001-2015, ISO 14001-2015, ISO 45001-2018, and API standards). This commitment to quality ensures reliability and performance.

2. Collaboration with Experts: Over the last two decades, UDT has collaborated closely with reputed American and European manufacturers. This technical exchange has fueled their design and technology, resulting in cutting-edge products.

3. Product Range:

• Large OD High-Performance Connectors: These connectors play a crucial role in oilfield operations.
• Casing Pipes: Vital components for well integrity.
• Wireline Winches: Essential for downhole operations.
• Gas Lift Equipment: Enhances production efficiency.
• Downhole Tools: Precision instruments for drilling success.

Why Choose UDT?

1. Proven Track Record: With over 30 years of experience, UDT has consistently delivered excellence.

2. Global Reach: Their products serve clients across the globe.

3. Passion-Driven: UDT builds everything with passion, ensuring top-notch solutions.

Safety and Sustainability

UDT prioritizes safety, adhering to stringent safety measures. Their commitment extends to environmental responsibility.

United Drilling Tools Ltd. continues to be a player in the engineering sector, and its dividend announcements are closely watched by investors. Whether you’re a seasoned investor or a beginner, understanding dividends and their impact on share prices is essential. Keep an eye on UNIDT’s performance and consider how dividends fit into your investment strategy.

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.