Flowco Holdings Inc. (FLOC) to Issue Special Dividend of $0.14 on August 31st

Flowco Holdings Inc. (NYSE:FLOC) announced a special dividend on Monday, August 10th. Investors of record on Friday, August 21st will be given a dividend of 0.14 per share on Monday, August 31st. The ex-dividend date is Friday, August 21st.

Flowco has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. 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 Down 2.0%

FLOC stock opened at $22.94 on Wednesday. Flowco has a twelve month low of $14.03 and a twelve month high of $28.26. The company has a market cap of $2.07 billion, a PE ratio of 18.50 and a beta of 0.90. The business’s 50-day simple moving average is $21.35 and its 200 day simple moving average is $22.64. The company has a quick ratio of 1.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.84.

Flowco (NYSE:FLOC) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Flowco had a net margin of 6.07% and a return on equity of 35.21%. The firm had revenue of $235.86 million during the quarter. On average, research analysts anticipate that Flowco will post 1.51 earnings per share for the current year.

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.