Cactus, Inc. (NYSE:WHD) Announces Quarterly Dividend of $0.15

Cactus, Inc. (NYSE:WHDGet Free Report) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 31st will be given a dividend of 0.15 per share on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. This is a 7.1% increase from Cactus’s previous quarterly dividend of $0.14.

Cactus has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Cactus has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cactus to earn $3.58 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 15.6%.

Cactus Stock Performance

Shares of Cactus stock opened at $52.31 on Thursday. Cactus has a 12 month low of $33.20 and a 12 month high of $64.30. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $55.46 and its 200 day simple moving average is $54.16. The company has a market capitalization of $4.19 billion, a PE ratio of 49.35, a PEG ratio of 2.00 and a beta of 1.38.

Cactus (NYSE:WHDGet Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. The firm had revenue of $449.53 million during the quarter, compared to analyst estimates of $400.82 million. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The company’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. On average, research analysts predict that Cactus will post 2.92 EPS for the current year.

About Cactus

(Get Free Report)

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.

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Dividend History for Cactus (NYSE:WHD)

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