Select Water Solutions, Inc. Plans Quarterly Dividend of $0.07 (NYSE:WTTR)

Select Water Solutions, Inc. (NYSE:WTTR – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 7th will be paid a dividend of 0.07 per share on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 7th.

Select Water Solutions has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Select Water Solutions to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 44.4%.

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Select Water Solutions Stock Down 2.6%

NYSE:WTTR opened at $20.79 on Friday. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 98.99 and a beta of 0.98. Select Water Solutions has a twelve month low of $7.86 and a twelve month high of $21.67. The stock’s 50 day moving average price is $19.06 and its two-hundred day moving average price is $15.83. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18.

Select Water Solutions (NYSE:WTTR – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The business had revenue of $365.96 million during the quarter, compared to analysts’ expectations of $344.63 million. During the same quarter last year, the company posted $0.08 earnings per share. Select Water Solutions’s quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts expect that Select Water Solutions will post 0.46 earnings per share for the current fiscal year.

About Select Water Solutions

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Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.

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