Cactus Announces Quarterly Cash Dividend

Rhea-AI Summary

Cactus, Inc. (NYSE: WHD) has announced a quarterly cash dividend of $0.11 per share of Class A common stock, payable on March 16, 2023. The record date for shareholders is February 27, 2023. Additionally, a distribution of up to $0.11 per CW Unit has been approved for holders of Cactus Wellhead, LLC units. Future dividends are subject to board approval.

Cactus designs and manufactures equipment for the oil and gas industry, primarily for onshore unconventional wells, and provides related field services across the U.S., Australia, and select international markets.

Positive

• Quarterly cash dividend of $0.11 per share enhances income for shareholders.
• Continued commitment to returning value to shareholders through dividends.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (“Cactus”) today announced that its Board of Directors approved the payment of a quarterly cash dividend of $0.11 per share of Class A common stock with payment to occur on March 16, 2023 to holders of record of Class A common stock at the close of business on February 27, 2023. A corresponding distribution of up to $0.11 per CW Unit has also been approved for holders of CW Units of Cactus Wellhead, LLC.

Declarations of any dividends in the future, and the amount of any such dividends, are subject to approval by Cactus’ Board of Directors.

About Cactus, Inc.

Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers throughout the United States and Australia, while also providing equipment and services in select international markets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117006090/en/

Cactus, Inc.

John Fitzgerald, 713-904-4655

Director of Corporate Development and Investor Relations

IR@CactusWHD.com

Source: Cactus, Inc.

FAQ

What is the dividend amount for Cactus, Inc. (WHD)?

Cactus, Inc. has announced a quarterly cash dividend of $0.11 per share.

When will the dividend for WHD stock be paid?

The dividend will be paid on March 16, 2023.

What is the record date for the WHD dividend?

The record date is February 27, 2023.

Are future dividends from Cactus, Inc. guaranteed?

No, future dividends are subject to approval by the Board of Directors.

What does Cactus, Inc. specialize in?

Cactus, Inc. designs, manufactures, and rents wellhead and pressure control equipment for the oil and gas industry.