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

Cactus, Inc. (NYSE:WHD) announced 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) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, March 2nd.

Cactus has increased its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Cactus has a dividend payout ratio of 19.2% meaning 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 Trading Down 0.2%

NYSE WHD traded down $0.11 during trading hours on Wednesday, hitting $57.19. 337,681 shares of the company’s stock were exchanged, compared to its average volume of 896,174. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.74 and a current ratio of 5.28. The firm has a market capitalization of $4.57 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 5.80 and a beta of 1.27. The business’s 50 day moving average is $48.92 and its 200-day moving average is $43.56. Cactus has a 12-month low of $33.20 and a 12-month high of $61.65.

Institutional Investors Weigh In On Cactus

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Cactus by 67.6% during the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after buying an additional 259 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Cactus during the third quarter worth about $25,000. Johnson Financial Group Inc. acquired a new position in Cactus in the third quarter worth about $33,000. Advisors Asset Management Inc. increased its holdings in Cactus by 113.8% in the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after buying an additional 543 shares during the last quarter. Finally, Huntington National Bank raised its stake in Cactus by 55.4% during the third quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

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.