The new distribution, up from the previous 21 cents, results in an annualized payout of 88 cents per share. Based on Thursday’s closing stock price of $87.02, the move elevates the company's dividend yield to 1.01%, a modest increase from the previous 0.97%.

Payment Schedule and Logistics

According to the company statement, the increased dividend will be distributed on April 10 to shareholders of record by the close of business on March 27.

Headquartered in Irving, Texas, Flowserve remains a dominant player in the flow-control sector, supplying critical infrastructure components like pumps and valves to the global energy and chemical markets. This 4.8% increase reflects a strategic effort to maintain competitive shareholder returns while managing its industrial portfolio.