Boosting shareholder returns with increased dividend

  • Flowserve increases dividend by 5% to 21 cents per share
  • Annual yield of about 2% based on Tuesday’s closing price
  • Dividend payable on April 12 to shareholders of record as of March 28

Flowserve, a provider of flow control products and services, has announced a 5% increase in its dividend to 21 cents per share, up from 20 cents per share. This new payout, amounting to 84 cents per year, offers an annual yield of approximately 2% based on Tuesday’s closing price of $42.21. Shareholders of record as of March 28 will receive the dividend, which is payable on April 12.

Factuality Level: 10
Factuality Justification: The article provides factual information about Flowserve increasing its dividend by 5% to 21 cents a share, the new annual payout, the annual yield, and the dividend payment details. There are no digressions, misleading information, sensationalism, redundancy, bias, or logical errors present in the article.
Noise Level: 2
Noise Justification: The article provides clear and relevant information about Flowserve increasing its dividend. It stays on topic, supports its claims with data, and offers actionable insights for investors interested in the company’s dividend yield.
Financial Relevance: Yes
Financial Markets Impacted: Flowserve and its shareholders
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial topic as it discusses Flowserve increasing its dividend. There is no mention of any extreme event or its impact.
Public Companies: Flowserve (unknown)
Key People: Denny Jacob (unknown)

Reported publicly: www.marketwatch.com