Unit Corporation announced that its board of directors has declared the special cash dividend of $15.00 per share of common stock to be paid on December 27, 2023, to shareholders of record as of the close of business on December 18, 2023; and a conditional special cash dividend of $5.00 per share of common stock to be paid on December 27, 2023, to shareholders of record as of the close of business on December 18, 2023 (Conditional Dividend). The Conditional Dividend will only become payable if the Company closes its previously disclosed sale of certain of its oil and gas properties located in the Texas Panhandle on or before the record date. If the sale does not close on or before the record date, the Conditional Dividend will not become payable, and the Company will have no obligation to pay such dividend.

The Company clarified that since the Dividends in aggregate constitute more than 25% of the closing price of the Company?s common stock on December 11, 2023, per FINRA rules, the ex-dividend date for the Dividends will be December 28, 2023.