Commitment to Shareholders amid Decreased Earnings: Cactus Ensures Steady Distribution
Portfolio Pulse from Benzinga Insights
Cactus (NYSE:WHD) is set to distribute a dividend of $0.12 per share on September 14, 2023, with an annualized dividend yield of 0.95%. The company has seen an increase in dividend per share from $0.36 to $0.44 between 2020 and 2022, despite a decrease in earnings per share from $1.94 to $1.51. Cactus's dividend yield is mid-range compared to its industry peers, with USA Compression Partners (NYSE:USAC) having the highest annualized dividend yield at 9.39%.
September 14, 2023 | 3:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
USA Compression Partners has the highest annualized dividend yield in its industry at 9.39%, compared to Cactus's 0.95%.
USA Compression Partners has a significantly higher annualized dividend yield compared to Cactus, making it potentially more attractive to income-seeking investors. However, the sustainability of these dividends would depend on the company's financial health and earnings.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Cactus has increased its dividend per share despite a decrease in earnings per share, indicating a commitment to shareholder returns. However, the decrease in earnings could impact future dividend payouts.
Cactus has increased its dividend per share from $0.36 to $0.44 between 2020 and 2022, showing a commitment to returning value to shareholders. However, the company's earnings per share have decreased from $1.94 to $1.51 in the same period, which could potentially impact the sustainability of future dividend payouts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100