Cactus, Inc. (NYSE:WHD) Plans Quarterly Dividend of $0.15

Cactus, Inc. (NYSE:WHD) 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 is Monday, November 30th.

Cactus has increased its dividend payment by an average of 0.1% per year 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. 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 opened at $64.36 on Thursday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 55.01, a PEG ratio of 1.69 and a beta of 1.42. Cactus has a 52 week low of $39.16 and a 52 week high of $74.07. The stock’s 50-day moving average price is $66.14 and its 200-day moving average price is $58.20. The company has a quick ratio of 1.81, a current ratio of 2.59 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $437.94 million. During the same period last year, the business earned $0.67 earnings per share. Cactus’s quarterly revenue was up 63.2% on a year-over-year basis. On average, sell-side analysts predict that Cactus will post 3.08 EPS for the current year.

Cactus Company Profile

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.