As per Flowserve Corporation (NYSE:FLS)’s news release on 2016-05-20, its shareholders will get cash dividend of $0.19 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-24 and 2016-07-08, respectively.
The stock will commence trading ex-dividend from 2016-06-22, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Flowserve Corporation (NYSE:FLS) disbursed $0.19 in dividend compared to distribution of $0.19, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 12.5%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Flowserve Corporation (NYSE:FLS) to attain a price target of $45.333. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $54. The low price range is set at $35 for next year while the arithmetic mean is seen at 2.75.
Eyeing Earnings Flowserve Corporation (NYSE:FLS) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.64 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Flowserve Corporation (NYSE:FLS) earnings came at $0.57 suggesting a deviation of $-0.04. The brokerages targeted EPS of $0.61 for the quarter.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...