Cactus, Inc. (NYSE:WHD) Shares Set to Pay Quarterly Dividend of $0.15

Cactus, Inc. (NYSE:WHD) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, November 30th will be given a dividend of $0.15 per share on Thursday, December 17th. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 30th.

Cactus has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. Cactus has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cactus to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 17.1%.

Cactus Stock Performance

Shares of WHD opened at $64.36 on Thursday. The company’s 50 day moving average price is $66.14 and its 200 day moving average price is $58.20. Cactus has a 52 week low of $39.16 and a 52 week high of $74.07. The company has a market capitalization of $5.16 billion, a PE ratio of 55.01, a PEG ratio of 1.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.59.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.19. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The company had revenue of $430.89 million during the quarter, compared to the consensus estimate of $437.94 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue was up 63.2% compared to the same quarter last year. Research analysts expect that Cactus will post 3.08 EPS for the current fiscal year.

About Cactus

Cactus, Inc (NYSE: WHD) designs, manufactures, sells and rents wellhead and pressure-control equipment used in onshore oil and gas drilling and production. Its products are designed to help operators manage pressure and control access to wells during drilling, completion and production activities.

The company’s offerings include wellhead systems, frac stacks, zipper manifolds and other pressure-control equipment. Cactus also provides field services, including equipment installation, maintenance and support, as well as rental services for selected products.