Flowserve Corporation authorized a 5% increase in the quarterly cash dividend to $0.21 per share on the company's outstanding shares of common stock and replenished the total share repurchase authorization under the current share repurchase program to $300 million, inclusive of approximately $96 million of capacity remaining. The dividend is payable on April 12, 2024, to shareholders of record as of the close of business on March 28, 2024. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion.
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5-day change | 1st Jan Change | ||
46.76 USD | +0.88% | +2.10% | +13.44% |
Apr. 23 | Flowserve Corporation Receives Two Significant Middle East Project Awards | CI |
Apr. 17 | Stifel Adjusts Flowserve Price Target to $53 From $51, Maintains Buy Rating | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+13.44% | 6.16B | |
+1.64% | 16.7B | |
-4.84% | 13.96B | |
+6.33% | 4.74B | |
-11.93% | 4.71B | |
+1.25% | 2.96B | |
+35.04% | 1.95B | |
+46.33% | 1.24B | |
+23.68% | 1.06B | |
-6.05% | 875M |
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- Flowserve Corporation Announces Quarterly Cash Dividend, Payable on April 12, 2024