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

Rhea-AI Summary

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.

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

News Market Reaction

+2.58%

1 alert

+2.58% News Effect

On the day this news was published, WTTR gained 2.58%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

 

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.