Cactus, Inc. (NYSE:WHD) Shareholders Set to Receive $0.15 Quarterly Dividend

Key Points

• Cactus declared a quarterly dividend of $0.15 per share, payable December 17 to shareholders of record on November 30. The dividend equates to $0.60 annually and a 0.9% yield.
• The dividend appears well covered, with a current payout ratio of 20.6% and an expected future payout ratio of 17.1%; Cactus has raised its dividend for four consecutive years.
• Cactus reported quarterly EPS of $0.96, exceeding estimates of $0.77, while revenue increased 63.2% year over year to $430.89 million. Shares opened at $64.36, down 1.8%.

Cactus, Inc. (NYSE:WHD - Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Monday, November 30th will be paid 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 payment 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% meaning 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 Down 1.8%

Shares of WHD stock opened at $64.36 on Thursday. Cactus has a 1 year low of $39.16 and a 1 year high of $74.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.59. The business's fifty day moving average is $66.14 and its 200-day moving average is $58.20. The stock has a market cap of $5.16 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 1.69 and a beta of 1.42.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.19. Cactus had a return on equity of 16.66% and a net margin of 6.01%. The company had revenue of $430.89 million for the quarter, compared to the consensus estimate of $437.94 million. During the same quarter in the previous year, the business earned $0.67 EPS. The company's quarterly revenue was up 63.2% compared to the same quarter last year. Equities analysts expect that Cactus will post 3.08 earnings per share 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.

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