Unit Corporation, 2025-2026 Dividend Announcement of $1.25 and Subsidiary Sale

2026-03-06 15:54:01

Abstract generation in progress

Unit Corporation (UNTC) recently announced that the quarterly cash dividends for the first quarter of 2025 and the first quarter of 2026 will be $1.25 per share. The dividend for the first quarter of 2026 will be paid on March 27, 2026, to shareholders registered as of March 17. The company stated that this dividend will be funded by its cash on hand.

The company also plans to pay the fourth quarter dividend of 2025 in the same manner, at $1.25 per share. This dividend will be paid on December 26, 2025, to shareholders registered as of December 16. This reflects Unit Corporation’s consistent dividend policy, which continues to create value for shareholders.

Additionally, Unit Corporation recently sold its contract drilling subsidiary for $120 million in cash, demonstrating a new strategic direction for the company. The transaction has been unanimously approved by the board of directors, and the proceeds are expected to offset most of the tax attributes of the company.

According to the company’s financial performance, total revenue for the third quarter of 2025 was $23.55 million, a slight increase from the same period last year. Net income from continuing operations was $4.609 million, while net income from discontinued operations was $2.292 million, resulting in a reported total net income of $6.901 million. These financial results reinforce Unit Corporation’s ongoing dividend policy and its foundation for investing in future growth opportunities.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes