At the end of September 14, 2023, Cactus WHD will reward its shareholders with a dividend payout of $0.12 per share, demonstrating an annualized dividend yield of 0.95%. Remember, only investors who held the stock before the ex-dividend date on August 25, 2023 will receive this payout.
Cactus Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2020-11-27 | 4 | $0.09 | 1.97% | 2020-11-04 | 2020-11-30 | 2020-12-17 |
When comparing Cactus's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer USA Compression Partners USAC having the highest annualized dividend yield at 9.39%.
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
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2022. The dividend per share rose from $0.36 to $0.44, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Cactus
From 2020 to 2022, Cactus experienced a decrease in earnings per share, dropping from $1.94 to $1.51. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article provides an in-depth analysis of Cactus's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.12 per share, resulting in an annualized dividend yield of 0.95%.
When comparing Cactus's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer USA Compression Partners having the highest annualized dividend yield at 9.39%.
Given that Cactus has experienced an increase in dividend per share from 2020 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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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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