Select Water Solutions, Inc. (WTTR) to Distribute Quarterly Dividend of $0.07 on November 25th

Select Water Solutions, Inc. (NYSE:WTTR) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.07 per share on Wednesday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 13th.

Select Water Solutions has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Equities research 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%.

Select Water Solutions Stock Up 1.5%

WTTR opened at $15.29 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 37.31 and a beta of 0.98. Select Water Solutions has a twelve month low of $9.28 and a twelve month high of $22.55. The company’s 50-day moving average price is $19.24 and its two-hundred day moving average price is $17.49.

Select Water Solutions (NYSE:WTTR) last released its earnings results on Monday, November 9th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Select Water Solutions had a net margin of 3.28% and a return on equity of 4.70%. The company had revenue of $412.19 million for the quarter, compared to the consensus estimate of $397.96 million. During the same period in the prior year, the company earned $0.03 earnings per share. The firm’s revenue was up 27.9% on a year-over-year basis. As a group, equities analysts expect that Select Water Solutions will post 0.55 earnings per share for the current year.

Select Water Solutions Company Profile

Select Water Solutions, Inc. provides water-management and chemical services to oil and natural gas exploration and production companies. Its services support drilling, completions and ongoing production, with a focus on managing water used in and generated by energy operations. The company’s offerings include water sourcing, transfer, treatment, recycling and disposal, as well as water infrastructure such as pipelines and related facilities. It also supplies specialty chemicals and technical services designed for oilfield operations.