Flowco Holdings Inc. (NYSE:FLOC – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 14th will be given a dividend of 0.09 per share on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th.
Flowco has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Flowco to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.3%.
Flowco Trading Up 3.9%
Shares of Flowco stock opened at $23.20 on Wednesday. Flowco has a 12-month low of $14.03 and a 12-month high of $28.26. The firm’s 50 day simple moving average is $21.37 and its two-hundred day simple moving average is $22.55. The company has a current ratio of 3.09, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 19.82 and a beta of 0.90.
About Flowco
We are a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. Our products and services include a full range of equipment and technology solutions that enable our customers to efficiently and cost-effectively maximize the profitability and economic lifespan of the production phase of their operations. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.
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