Flowco Holdings Inc. announced on May 2, 2025, that its Board of Directors has declared a quarterly cash dividend of $0.08 per share of Class A common stock. This marks the company's first quarterly dividend since becoming a publicly traded entity. The dividend is payable on May 28, 2025, to Class A common stockholders of record as of the close of business on May 14, 2025.
Joe Bob Edwards, Chief Executive Officer of Flowco, expressed pleasure in announcing the first quarterly dividend, reinforcing confidence in the company’s long-term strategy and strong financial position. He stated that Flowco is committed to delivering value to shareholders while continuing to invest in future growth. This action demonstrates a clear commitment to shareholder returns.
The declaration of this dividend establishes a regular capital return policy for Flowco's public investors. While the company intends to continue paying regular quarterly cash dividends, future declarations are subject to Board discretion and depend on factors such as results of operations, cash flows, financial position, and capital requirements. This move underscores the company's financial health and management's confidence in its sustained profitability.
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