Unit Corp UNTC

[Lbark]

https://seekingalpha.com/article/4654819-unit-corporation-dividend-supported-positive-riskreward-case?mailingid=33526325&messageid=must_reads&serial=33526325.1470944&utm_campaign=Must%2BReads%2Brecurring%2B2023-11-29&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads

has been a great investment for me and phenomenal dividend which is actually closer to 20% if they keep the 2.50 quarterly. possibility of special dividend again. CEO's co is equity firm and they like the income

[Fraser921]

Here is another view

they have a bunch of cash, looks like the dividend will hold but i dont follow this name

https://seekingalpha.com/mp/176-distressed-value-investing/articles/5953928-unit-corporation-cash-balance-increased-in-q3-2023-despite-24-million-in-dividend-payments#comments

[aja57]

UNTC has 200 million dollars in cash with 9.6 million shares. Trades at $53 but with $21 /share in cash its like owning at $32.IF dividend holds and CEO says so, getting 31% yield at this price. IF,IF,IF....only the dividend holds and oil demand is strong.

[aja57]

UNTC going to pay minimal $17.50 /share dividend with the possibility of a conditional dividend of $5.00/share depending on the sale of property.
Pennies from heaven!

https://unitcorp.com/unit-corporation-declares-quarterly-and-special-cash-dividends/