Flowco Holdings Inc. (NYSE:FLOC) to Issue $0.14 Special Dividend

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

Flowco has a payout ratio of 21.7% meaning 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 Price Performance

Shares of FLOC stock opened at $22.38 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 3.09. Flowco has a fifty-two week low of $14.03 and a fifty-two week high of $28.26. The firm has a market cap of $2.02 billion, a P/E ratio of 19.13 and a beta of 0.90. The business’s 50 day moving average price is $21.37 and its 200-day moving average price is $22.53.

Flowco (NYSE:FLOC) last announced its earnings results on Tuesday, August 11th. The company reported $0.28 EPS for the quarter. Flowco had a return on equity of 48.49% and a net margin of 5.49%.The company had revenue of $235.86 million during the quarter. On average, equities 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.