Flowco Holdings Inc. (NYSE:FLOC) to Issue Quarterly Dividend of $0.08

Flowco Holdings Inc. (NYSE:FLOC) announced a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.08 per share on Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 13th.

Flowco has a payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Flowco to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 21.8%.

Flowco Stock Performance

FLOC traded up $0.36 on Wednesday, hitting $22.52. 36,435 shares of the company traded hands, compared to its average volume of 264,259. Flowco has a 12-month low of $14.03 and a 12-month high of $27.65. The company has a 50 day moving average of $19.50 and a 200-day moving average of $17.32. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2.02 billion and a PE ratio of 7.51.

About Flowco

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.