Covered, but a token yield — not an income card. A 0.11% yield on a 3.3% trailing payout is covered many times over — and that is the whole problem: $0.02 a quarter, $0.08 a year, is a rounding error as income. The company returns capital mainly through buybacks, not this dividend, so grade this one on its business, not its payout.
Key risk: Buyback-first capital return plus industrial cyclicality — the dividend is an afterthought in the capital plan, and orders for compression and fluid-handling equipment fall with industrial spending.
Changes if: The dividend is raised materially from $0.02, or cut to zero. Either would change this card's role entirely — from token payer to income name, or to no dividend at all.
- ✓Payout-coverage check: 3.3% of trailing earnings — the $0.08 indicated dividend is covered many times over; coverage is not the issue here.
- !Yield check: 0.11% indicated — $0.02/qtr × 4 at the $73.48 close on Oct. 23, 2026. Real cash, but negligible as income for a single stock.
- !Dividend growth check: No increase since the November 2022 cut to $0.02; the rate has been flat at $0.02 every quarter since.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.