Cactus, Inc. (WHD) To Go Ex-Dividend on August 31st

Cactus, Inc. (NYSE:WHD) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.15 per share on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 0.9%. 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 raised its dividend annually for the last 4 consecutive years. Cactus has a payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cactus to earn $3.44 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 17.4%.

Cactus Stock Up 1.5%

WHD opened at $69.59 on Friday. The business’s 50-day simple moving average is $60.02 and its 200-day simple moving average is $56.38. 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 has a one year low of $33.20 and a one year high of $74.07. The stock has a market capitalization of $5.58 billion, a P/E ratio of 59.48, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.29. The firm had revenue of $449.53 million during the quarter, compared to analysts’ expectations of $400.82 million. Cactus had a return on equity of 16.66% and a net margin of 6.01%.The business’s revenue was up 64.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Analysts anticipate that Cactus will post 3.12 EPS for the current year.

Cactus Company Profile

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.