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

Rhea-AI Summary

Select Energy Services (NYSE: WTTR) announced a quarterly cash dividend of $0.05 per share, payable on February 17, 2023. Shareholders of record will be those held by the close of business on February 7, 2023. This dividend reflects the company's commitment to providing value to its investors, as all future payments are subject to quarterly review by the Board of Directors. Select is recognized for its sustainable water and chemical solutions within the energy sector, emphasizing environmentally responsible practices.

Positive

• Quarterly cash dividend of $0.05 per share indicates strong shareholder returns.

Negative

• None.

HOUSTON, Jan. 27, 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 February 17, 2023, to holders of record as of the close of business on February 7, 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

What is the dividend amount announced by Select Energy Services (WTTR)?

Select Energy Services announced a quarterly cash dividend of $0.05 per share.

When will the dividend be paid for WTTR?

The dividend will be paid on February 17, 2023.

What are the record and payment dates for the WTTR dividend?

The record date is February 7, 2023, and payment will occur on February 17, 2023.

Is the dividend sustainable for WTTR?

Future dividends are subject to quarterly review by the Board of Directors.