UNTCW - Unit Corporation: Quarterly Review No Debt And A 10+% Dividend Yield

2024-05-25 05:26:24 ET

Summary

• Small cap oil & gas company Unit Corporation has downsized as of recent, returning capital to shareholders through asset sales.
• With the non-core assets being shed, the company has stated it intends to pay a $1.25/share/quarter dividend for the rest of the year. This equates to a 13.8% dividend yield.
• Projected forward yield, free cash flow, and Magic Formula score analyzed.
• The company is notable having no long-term debt on the balance sheet.

Downsized small cap oil&gas

Unit Corporation ( UNTC ), is one of the better-yielding small-cap oil and gas companies in the market with a current yield that exceeds 13%. At one point the yield was borderline ridiculous at well over 20% , that was before the company sold off significant non-core assets and returned the capital to shareholders. ...

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