Cactus, Inc. (NYSE:WHD) to Issue Quarterly Dividend of $0.14

Cactus, Inc. (NYSE:WHD) declared a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Monday, March 2nd will be given a dividend of 0.14 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, March 2nd.

Cactus has raised its dividend by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 4 years. Cactus has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cactus to earn $3.22 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 17.4%.

Cactus Stock Up 2.0%

Shares of NYSE:WHD traded up $1.14 during midday trading on Wednesday, reaching $58.44. The company had a trading volume of 478,191 shares, compared to its average volume of 903,216. The company has a quick ratio of 3.74, a current ratio of 5.28 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $48.92 and its 200 day moving average price is $43.56. The stock has a market cap of $4.67 billion, a PE ratio of 23.27, a P/E/G ratio of 5.80 and a beta of 1.27. Cactus has a 1-year low of $33.20 and a 1-year high of $61.65.

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.