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

by · The Markets Daily

Select Water Solutions, Inc. (NYSE:WTTR – Get Free Report) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 6th will be paid a dividend of 0.07 per share on Wednesday, February 18th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, February 6th.

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 $1.14 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 24.6%.

Select Water Solutions Stock Up 0.2%

Shares of Select Water Solutions stock opened at $12.35 on Friday. The company has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.15. The stock has a market capitalization of $1.50 billion, a PE ratio of 65.00 and a beta of 0.98. Select Water Solutions has a 52-week low of $7.20 and a 52-week high of $14.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.64.

Select Water Solutions (NYSE:WTTR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $322.24 million during the quarter, compared to the consensus estimate of $306.39 million. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, analysts anticipate that Select Water Solutions will post 0.91 EPS for the current fiscal year.

About Select Water Solutions

(Get Free Report)

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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