Flowserve Corporation (NYSE:FLS) Announces Dividend Increase – $0.22 Per Share

Flowserve Corporation (NYSE:FLS) declared a quarterly dividend on Friday, February 13th. Investors of record on Friday, March 27th will be paid a dividend of 0.22 per share by the industrial products company on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, March 27th. This is a 4.8% increase from Flowserve’s previous quarterly dividend of $0.21.

Flowserve has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Flowserve has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Flowserve to earn $3.71 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 22.6%.

Flowserve Price Performance

Shares of FLS opened at $89.76 on Friday. Flowserve has a fifty-two week low of $37.34 and a fifty-two week high of $90.48. The firm’s 50 day moving average price is $75.51 and its 200 day moving average price is $64.26. The company has a market cap of $11.41 billion, a P/E ratio of 34.26, a PEG ratio of 1.93 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company posted $0.70 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research analysts forecast that Flowserve will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in shares of Flowserve during the second quarter worth approximately $26,000. BOKF NA acquired a new position in Flowserve in the third quarter valued at $28,000. IFP Advisors Inc increased its stake in Flowserve by 1,289.6% in the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 619 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Flowserve in the third quarter valued at about $36,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Flowserve by 149.8% during the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after buying an additional 418 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Flowserve

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.