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

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 7th will be given 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 is Friday, August 7th.

Select Water Solutions has a dividend payout ratio of 35.0% indicating that 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%.

Select Water Solutions Stock Performance

WTTR opened at $20.79 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.76 and a current ratio of 1.92. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 98.99 and a beta of 0.98. The company has a fifty day moving average of $19.06 and a 200 day moving average of $15.83. Select Water Solutions has a fifty-two week low of $7.86 and a fifty-two week high of $21.67.

Select Water Solutions (NYSE:WTTR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Select Water Solutions had a net margin of 1.54% and a return on equity of 2.21%. The business had revenue of $365.96 million for the quarter, compared to analysts’ expectations of $344.63 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Select Water Solutions will post 0.46 earnings per share for the current fiscal year.

Select Water Solutions Company Profile

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.