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

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be given a dividend of $0.07 per share on Wednesday, November 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 13th.

Select Water Solutions has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. 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 0.7%

WTTR stock opened at $19.96 on Friday. The business’s 50-day moving average is $19.64 and its two-hundred day moving average is $17.29. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 71.29 and a beta of 1.01. Select Water Solutions has a fifty-two week low of $9.28 and a fifty-two week high of $22.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.40 and a current ratio of 1.58.

Select Water Solutions (NYSE:WTTR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Select Water Solutions had a net margin of 2.24% and a return on equity of 3.11%. The business had revenue of $395.81 million during the quarter, compared to the consensus estimate of $373.33 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue was up 8.7% on a year-over-year basis. As a group, analysts forecast that Select Water Solutions will post 0.55 earnings per share for the current year.

About Select Water Solutions

Select Water Solutions, Inc provides water management and environmental services to the North American oil and gas industry. The company helps exploration and production companies source, transport, store, treat, recycle and dispose of water used in drilling and hydraulic fracturing operations.

Its services include freshwater sourcing and transfer, produced-water gathering and recycling, water infrastructure construction and management, well testing, and wastewater disposal. Select Water Solutions also provides water-treatment solutions and related equipment designed to support more efficient water use and reduce the environmental impact of oilfield operations.

Formerly known as Select Energy Services, the company adopted the Select Water Solutions name in 2023 to reflect its broader focus on water and environmental services.