Investors eagerly anticipate the dividend payout from Cactus WHD on December 14, 2023. With a payout of $0.12 per share and an annualized dividend yield of 1.10%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on November 24, 2023
Cactus Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-24 | 4 | $0.12 | 1.1% | 2023-11-08 | 2023-11-27 | 2023-12-14 |
| 2023-08-25 | 4 | $0.12 | 0.95% | 2023-08-01 | 2023-08-28 | 2023-09-14 |
| 2023-05-26 | 4 | $0.11 | 1.15% | 2023-05-09 | 2023-05-30 | 2023-06-15 |
| 2023-02-24 | 4 | $0.11 | 0.79% | 2023-01-17 | 2023-02-27 | 2023-03-16 |
| 2022-11-25 | 4 | $0.11 | 0.83% | 2022-11-07 | 2022-11-28 | 2022-12-15 |
| 2022-08-26 | 4 | $0.11 | 1.11% | 2022-08-04 | 2022-08-29 | 2022-09-15 |
| 2022-05-26 | 4 | $0.11 | 0.87% | 2022-05-04 | 2022-05-30 | 2022-06-16 |
| 2022-02-25 | 4 | $0.11 | 0.89% | 2022-01-27 | 2022-02-28 | 2022-03-17 |
| 2021-11-26 | 4 | $0.1 | 0.91% | 2021-11-03 | 2021-11-29 | 2021-12-16 |
| 2021-08-27 | 4 | $0.1 | 1.09% | 2021-07-28 | 2021-08-30 | 2021-09-16 |
| 2021-05-27 | 4 | $0.09 | 1.12% | 2021-05-05 | 2021-05-31 | 2021-06-17 |
| 2021-02-26 | 4 | $0.09 | 1.23% | 2021-01-21 | 2021-03-01 | 2021-03-18 |
Cactus's dividend yield falls in the middle range when compared to its industry peers, with USA Compression Partners USAC having the highest annualized dividend yield at 9.01%.
Analyzing Cactus Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.36 in 2020 to $0.44 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Cactus
The earnings chart above reveals a decrease in Cactus's earnings per share, declining from $1.94 in 2020 to $1.51 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we delve into Cactus's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.12 per share today, resulting in an annualized dividend yield of 1.10%.
Cactus's dividend yield falls in the middle range when compared to its industry peers, with USA Compression Partners having the highest annualized dividend yield at 9.01%.
The rising dividend per share and declining earnings per share of Cactus from 2020 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[See current stock movements Cactus on Benzinga.](https://www.benzinga.com/quote/Cactus (NYSE: WHD))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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