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

Key Points

• Select Water Solutions declared a quarterly dividend of $0.07 per share, payable November 25 to shareholders of record November 13. The annualized dividend is $0.28, representing a 1.4% yield.
• The dividend appears adequately covered, with a current payout ratio of 35.0%; analysts expect next year’s earnings to support an estimated payout ratio of 44.4%.
• Select Water Solutions recently exceeded quarterly earnings and revenue estimates, reporting EPS of $0.17 and revenue of $395.81 million, while quarterly revenue rose 8.7% year over year.

Select Water Solutions, Inc. (NYSE:WTTR - Get Free Report) 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th.

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

Shares of NYSE WTTR opened at $19.96 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.40. The business's 50 day moving average is $19.64 and its two-hundred day moving average is $17.29. The stock has a market capitalization of $2.76 billion, a P/E ratio of 71.29 and a beta of 1.01. Select Water Solutions has a 1-year low of $9.28 and a 1-year high of $22.55.

Select Water Solutions (NYSE:WTTR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.04. The firm had revenue of $395.81 million during the quarter, compared to analyst estimates of $373.33 million. Select Water Solutions had a return on equity of 3.11% and a net margin of 2.24%. Select Water Solutions's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. As a group, research analysts expect that Select Water Solutions will post 0.55 EPS 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.

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