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Select Water Solutions Announces Quarterly Cash Dividend of $0.06 Per Share

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Select Water Solutions (NYSE: WTTR), a leading provider of sustainable water and chemical solutions for the energy industry, has announced a quarterly cash dividend of $0.06 per share of Class A common stock. The dividend will be paid on August 16, 2024, to shareholders of record as of August 5, 2024. A comparable distribution of $0.06 per unit has also been approved for unitholders of SES Holdings, , subject to the same payment and record dates.

This decision demonstrates Select's commitment to returning value to shareholders. However, it's important to note that all future dividend payments will be subject to quarterly review and approval by Select's Board of Directors, indicating a cautious approach to financial management.

Select Water Solutions (NYSE: WTTR), un fornitore leader di soluzioni sostenibili per l'acqua e chimiche per l'industria energetica, ha annunciato un dividendo in contante trimestrale di $0.06 per azione delle azioni comuni di Classe A. Il dividendo sarà pagato il 16 agosto 2024, agli azionisti registrati al 5 agosto 2024. Anche una distribuzione comparabile di $0.06 per unità è stata approvata per i possessori di SES Holdings, soggetta alle stesse date di pagamento e registrazione.

Questa decisione dimostra l'impegno di Select nel restituire valore agli azionisti. Tuttavia, è importante sottolineare che tutti i futuri pagamenti di dividendi saranno soggetti a revisione e approvazione trimestrale da parte del Consiglio di Amministrazione di Select, indicando un approccio cauto nella gestione finanziaria.

Select Water Solutions (NYSE: WTTR), un proveedor líder de soluciones sostenibles de agua y químicas para la industria energética, ha anunciado un dividendo en efectivo trimestral de $0.06 por acción de acciones ordinarias de Clase A. El dividendo se pagará el 16 de agosto de 2024 a los accionistas registrados hasta el 5 de agosto de 2024. También se ha aprobado una distribución comparable de $0.06 por unidad para los tenedores de SES Holdings, sujeta a las mismas fechas de pago y registro.

Esta decisión demuestra el compromiso de Select de devolver valor a los accionistas. Sin embargo, es importante señalar que todos los futuros pagos de dividendos estarán sujetos a revisión y aprobación trimestral por parte de la Junta Directiva de Select, lo que indica un enfoque cauteloso en la gestión financiera.

Select Water Solutions (NYSE: WTTR), 에너지 산업을 위한 지속 가능한 물 및 화학 솔루션의 선도적인 제공업체가 주간 현금 배당금으로 주당 $0.06의 배당금을 발표했습니다. 이 배당금은 2024년 8월 16일에 지급되며, 2024년 8월 5일에 주주로 등록된 사람들에게 지급됩니다. SES Holdings의 유닛 보유자에게도 같은 날짜에 지급될 $0.06의 유사한 배당금이 승인되었습니다.

이번 결정은 Select가 주주에게 가치를 반환하겠다는 의지를 보여줍니다. 그러나 모든 미래 배당금 지급은 Select의 이사회에 의해 분기별 검토 및 승인 대상이 될 것이라는 점에서 재무 관리에 대한 신중한 접근 방식을 나타냅니다.

Select Water Solutions (NYSE: WTTR), un fournisseur leader de solutions durables en eau et en produits chimiques pour l'industrie de l'énergie, a annoncé un dividende en espèces trimestriel de 0,06 $ par action d'actions ordinaires de classe A. Le dividende sera versé le 16 août 2024 aux actionnaires inscrits au 5 août 2024. Une distribution comparable de 0,06 $ par unité a également été approuvée pour les porteurs de parts de SES Holdings, soumise aux mêmes dates de paiement et d'enregistrement.

Cette décision démontre l'engagement de Select à restituer de la valeur aux actionnaires. Cependant, il est important de noter que tous les paiements de dividendes futurs seront soumis à un examen et une approbation trimestriels par le conseil d'administration de Select, ce qui indique une approche prudente en matière de gestion financière.

Select Water Solutions (NYSE: WTTR), ein führender Anbieter von nachhaltigen Wasser- und Chemielösungen für die Energieindustrie, hat eine vierteljährliche Bardividende von $0.06 pro Aktie der Klasse A Stammaktien angekündigt. Die Dividende wird am 16. August 2024 an die Aktionäre ausgezahlt, die bis zum 5. August 2024 registriert sind. Eine vergleichbare Ausschüttung von $0.06 pro Einheit wurde ebenfalls für die Gesellschafter von SES Holdings genehmigt, vorbehaltlich der gleichen Zahlungs- und Aufnahmedaten.

Diese Entscheidung zeigt Selects Engagement, den Aktionären Wert zurückzugeben. Es ist jedoch wichtig zu beachten, dass alle zukünftigen Dividendenauszahlungen einer vierteljährlichen Überprüfung und Genehmigung durch den Vorstand von Select unterliegen, was einen vorsichtigen Ansatz in der Finanzverwaltung anzeigt.

Positive
  • Quarterly cash dividend of $0.06 per share announced
  • Dividend payment demonstrates commitment to shareholder value
Negative
  • Future dividend payments subject to quarterly review and approval

HOUSTON, July 25, 2024 /PRNewswire/ -- Select Water Solutions, 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 $0.06 per share of Class A common stock, to be paid on August 16, 2024, to holders of record as of the close of business on August 5, 2024. A comparable distribution of $0.06 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 Water Solutions, 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 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 Company's continued success.  For more information, please visit Select's website, https://www.selectwater.com.

WTTR-PR

Contacts: 

Select Water Solutions 


Chris George – EVP & CFO


(713) 296-1073


IR@selectwater.com




Dennard Lascar Investor Relations


Ken Dennard / Natalie Hairston


(713) 529-6600


WTTR@dennardlascar.com

 

Cision View original content:https://www.prnewswire.com/news-releases/select-water-solutions-announces-quarterly-cash-dividend-of-0-06-per-share-302206995.html

SOURCE Select Water Solutions, Inc.

FAQ

What is the dividend amount announced by Select Water Solutions (WTTR)?

Select Water Solutions (WTTR) announced a quarterly cash dividend of $0.06 per share of Class A common stock.

When will Select Water Solutions (WTTR) pay the announced dividend?

The dividend will be paid on August 16, 2024, to shareholders of record as of the close of business on August 5, 2024.

Are future dividend payments guaranteed for Select Water Solutions (WTTR)?

No, all future dividend payments are subject to quarterly review and approval by Select Water Solutions' Board of Directors.

What is the distribution amount for SES Holdings, unitholders?

A comparable distribution of $0.06 per unit has been approved for unitholders of SES Holdings, , subject to the same payment and record dates as the Select Water Solutions dividend.

Select Water Solutions, Inc.

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