Cactus, Inc. Declares Quarterly Cash Dividend, Payable on March 19, 2020
January 30, 2020 at 05:15 pm
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Cactus, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share of Class A common stock payable on March 19, 2020 to holders of record of Class A common stock at the close of business on March 2, 2020.
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. 
