Dril-Quip designs, manufactures, sells and services drilling and production equipment primarily for use in deepwater, harsh environment and severe service applications. Co.'s principal products consist of subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors, diverters and safety valves. Co. also provides technical advisory assistance on an as-requested basis during installation of its products, as well as rework and reconditioning services for customer-owned Co.'s products. The DRQ stock yearly return is shown above.
The yearly return on the DRQ stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2022 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the DRQ annual return calculation with any dividends reinvested as applicable (on ex-dates).
|