Cactus, Inc. (NYSE:WHD – Get 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.
About Cactus
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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