Flowserve Corporation (NYSE:FLS) will begin trading ex-dividend on September 17, 2020. The quarterly dividend payment of $ 0.20 per share is scheduled to be paid on October 2, 2020. The dividend yield based on the latest trading day closing price was 2.87 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Flowserve Corporation recently reported second quarter financial results on July 30, 2020, after market close, manufacturer of industrial flow management equipments outlined income for the second quarter of $ 0.53 per share, from the revenue of $ 924.97 million. The quarterly earnings reduced 1.85 percent while revenues fell 6.58 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.28 per share from $ 882.99 million in revenue. The bottom line results beat street analysts by $ 0.25 or 89.29 percent, at the same time, top line results outshined analysts by $ 41.98 million or 4.75 percent.
Stock Performance
Shares of Flowserve Corporation traded low $ -0.69 or -2.42 percent on Thursday, reaching $ 27.88 with volume of 865.00 thousand shares. Flowserve Corporation has traded high as $ 28.78 and has cracked $ 27.77 on the downward trend
According to the previous trading day, closing price of $ 27.88, representing a 50.53 % increase from the 52 week low of $ 18.98 and a 44.25 % decrease over the 52 week high of $ 51.25.
The company has a market capital of $ 3.63 billion and is part of the Industrials sector and Diversified Industrials industry.
Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines.
