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Ex-Dividend Reminder: Granite Ridge Resources, Patterson-UTI Energy and Delek US Holdings

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As a percentage of GRNT's recent stock price of $6.18, this dividend works out to approximately 1.78%, so look for shares of Granite Ridge Resources Inc to trade 1.78% lower — all else being equal — when GRNT shares open for trading on 2/29/24. Similarly, investors should look for PTEN to open 0.69% lower in price and for DK to open 0.87% lower, all else being equal.

Below are dividend history charts for GRNT, PTEN, and DK, showing historical dividends prior to the most recent ones declared.

Granite Ridge Resources Inc (NYSE:GRNT):

Patterson-UTI Energy Inc. (NASDAQ:PTEN):

Delek US Holdings Inc (NYSE:DK):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 7.12% for Granite Ridge Resources Inc, 2.77% for Patterson-UTI Energy Inc., and 3.46% for Delek US Holdings Inc.

In Tuesday trading, Granite Ridge Resources Inc shares are currently up about 0.5%, Patterson-UTI Energy Inc. shares are down about 0.3%, and Delek US Holdings Inc shares are up about 0.1% on the day.