Ranger Energy Services (NYSE:RNGR) Could Be A Buy For Its Upcoming Dividend
Ranger Energy Services is poised to distribute a dividend payment in just four days, marking an attractive opportunity for investors seeking regular income from their portfolio. The company's trailing yield of 1.6% on its current share price and conservative payout ratio suggest that the dividend might be sustainable. As the company continues to grow its earnings rapidly, investors may want to consider adding Ranger Energy Services to their watchlist.
- This upcoming dividend payment could provide a welcome boost to individual portfolios, especially for those relying heavily on dividend income as a source of returns.
- Will Ranger Energy Services' growth prospects and dividend sustainability be enough to justify its current share price, or will the stock prove overvalued in the long run?