Cactus, Inc. Approves Quarterly Cash Dividend on Class A Common Stock, Payable on March 17, 2022
January 27, 2022 at 07:15 am EST
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Cactus, Inc. announced that its Board of Directors approved an increase in the quarterly cash dividend to $0.11 per share of Class A common stock with payment to occur on March 17, 2022 to holders of record of Class A common stock at the close of business on February 28, 2022.
Cactus, Inc. is a holding company. The Company operates through two segments. The Pressure Control segment designs, manufactures, sells and rents a range of wellheads and pressure control equipment under the Cactus Wellhead brand. The segmentâs 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 of its products and rental items to assist with the installation, maintenance and handling of the equipment. The Spoolable Technologies segment designs, manufactures and sells spoolable pipe and associated end fittings under the FlexSteel brand. Its customers use these products primarily as production, gathering and takeaway pipelines to transport oil, gas or other liquids. In addition, it also provides field services and rental items to assist its customers with the installation of these products.
CACTUS, INC. 
