SELECT ENERGY SERVICES ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.05 PER SHARE

Rhea-AI Summary

Select Energy Services, Inc. (NYSE: WTTR) announced a quarterly cash dividend of $0.05 per share for Class A common stock. This dividend will be paid on May 17, 2023, to stockholders of record by the close of business on May 5, 2023. A similar $0.05 distribution will also be made to unitholders of SES Holdings, LLC under the same conditions. Future dividends will be subject to quarterly reviews by the Board of Directors. Select Energy is recognized for its sustainable water and chemical solutions for the energy sector, focusing on environmental responsibility and effective water management throughout the lifecycle of oilfield operations.

Positive

• Quarterly cash dividend of $0.05 per share declared.
• Dividend to be distributed on May 17, 2023, enhancing shareholder returns.
• Company's commitment to sustainability adds value to its market position.

Negative

• None.

HOUSTON, April 25, 2023 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of Class A common stock, to be paid on May 17, 2023, to holders of record as of the close of business on May 5, 2023. A comparable distribution of $0.05 per unit has also been approved to the unitholders of SES Holdings, LLC, which will be subject to the same payment and record dates. All future dividend payments are subject to quarterly review and approval by Select's Board of Directors.

About Select Energy Services, Inc.

Select is a leading provider of sustainable water and chemical solutions to the energy industry. These solutions are supported by the Company's critical water infrastructure assets, chemical manufacturing and water treatment and recycling capabilities. As a leader in sustainable water and chemical solutions, Select places the utmost importance on safe, environmentally responsible management of oilfield water throughout the lifecycle of a well. Additionally, Select believes that responsibly managing water resources throughout its operations to help conserve and protect the environment is paramount to the continued success of the Company. For more information, please visit Select's website, https://www.selectenergy.com.

WTTR-PR

Contacts:	Select Energy Services
	Chris George – Senior Vice President, Corporate Development, Investor Relations & Sustainability
	(713) 296-1073
	IR@selectenergyservices.com
	Dennard Lascar Investor Relations
	Ken Dennard
	(713) 529-6600
	WTTR@dennardlascar.com

 

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SOURCE Select Energy Services, Inc.

FAQ

When is the next dividend payment for WTTR?

The next dividend payment for WTTR is on May 17, 2023.

What is the dividend amount for Select Energy Services?

The dividend amount for Select Energy Services is $0.05 per share.

What are the record dates for the WTTR dividend?

The record date for the WTTR dividend is May 5, 2023.

How often does Select Energy Services pay dividends?

Select Energy Services pays dividends quarterly, subject to Board approval.

Is the dividend from WTTR sustainable?

The sustainability of the dividend is subject to the Company's quarterly reviews and financial performance.