Flowserve Corporation (NYSE:FLS) to Issue $0.22 Quarterly Dividend

Flowserve Corporation (NYSE:FLS) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.22 per share by the industrial products company on Friday, July 10th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, June 26th.

Flowserve has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Flowserve has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Flowserve to earn $4.61 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 19.1%.

Flowserve Stock Up 2.3%

Shares of NYSE:FLS opened at $68.01 on Friday. The firm has a fifty day moving average price of $77.01 and a two-hundred day moving average price of $75.60. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve has a one year low of $45.11 and a one year high of $92.41. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.50 and a beta of 1.24.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $0.72 EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts anticipate that Flowserve will post 4.05 EPS for the current fiscal year.

About Flowserve

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.