Cactus Raises Quarterly Dividend 7.14% to $0.15

Cactus, Inc. (NYSE: WHD) raised its quarterly dividend to $0.15 per share from $0.14, an increase of 7.14%. The energy-equipment company’s shares traded ex-dividend on Aug. 31, 2026.

At the new quarterly rate, the annualized dividend is $0.60 per share. That equates to a forward yield of 0.86% based on a share price of $70.32. The increase extends Cactus’s record of consecutive annual dividend growth to five years.

The company announced the higher payout alongside its second-quarter results. Cactus reported stronger sequential revenue and operating income, while cash generated by operations exceeded its dividend payments and associated distributions during the period. It also ended the quarter without bank debt, providing financial context for the board’s decision to raise the distribution. Cactus second-quarter results filed with the SEC

Management linked the company’s ability to increase its dividend consistently to profitable growth, operating execution and customer demand for its technologies. Cactus nevertheless described the global oil-and-gas backdrop as uncertain, underscoring the cyclical conditions surrounding its business. The company said higher Middle East activity helped its Pressure Control segment, while stronger domestic activity supported Spoolable Technologies during the quarter. Cactus second-quarter results filed with the SEC

Cactus designs, manufactures, sells and rents pressure-control equipment and spoolable-pipe technologies. Its products are used during the drilling, completion and production of primarily onshore unconventional oil-and-gas wells. The company also provides related field services and operates manufacturing and service facilities globally, with an emphasis on North America and the Middle East. Company description

What it means for income investors

The increase lifts the recurring annualized income attached to each share and continues Cactus’s five-year growth streak. The forward yield remains 0.86%, so the event is more notable for payout growth than for a high current income rate. The supplied dividend-safety assessment is 74 out of 100, equivalent to a B grade. As with any energy-sector dividend, future payments remain subject to board approval and the company’s performance through industry cycles.