Flowco Holdings Inc. (NYSE:FLOC) Plans $0.09 Quarterly Dividend

Flowco Holdings Inc. (NYSE:FLOC) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.09 per share on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, August 14th.

Flowco has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Flowco to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.3%.

Flowco Stock Performance

Shares of FLOC stock opened at $19.79 on Friday. The business’s fifty day simple moving average is $21.99 and its 200-day simple moving average is $22.48. The company has a current ratio of 3.09, a quick ratio of 1.48 and a debt-to-equity ratio of 1.00. Flowco has a 12-month low of $14.03 and a 12-month high of $28.26. The company has a market cap of $1.79 billion, a PE ratio of 16.91 and a beta of 0.89.

Flowco Company Profile

We are a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. Our products and services include a full range of equipment and technology solutions that enable our customers to efficiently and cost-effectively maximize the profitability and economic lifespan of the production phase of their operations. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.