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Flowserve Announces Quarterly Cash Dividend of $0.18 Per Share

DALLAS, December 8, 2015 - Flowserve Corporation, (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.18 per share on the company's outstanding shares of common stock.  

The dividend is payable on January 6, 2016, to shareholders of record as of the close of business on December 23, 2015. 

While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.18 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion, dependent on the Board's assessment of the company's financial condition and business outlook at the applicable time.

Technical Contact: Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560 Mike Mullin, Director, Investor Relations, (972) 443-6636

Media Contact: Lars Rosene, Vice President, Global Communications and Public Affairs, (972) 443-6644 Amy Allen, Manager, Global Communications and Public Affairs, (972) 443-6501