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

Select Water Solutions, Inc. (NYSE:WTTR) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Friday, February 6th will be paid a dividend of 0.07 per share on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend 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 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 Performance

Shares of WTTR stock traded up $0.14 on Friday, hitting $12.39. 109,374 shares of the stock traded hands, compared to its average volume of 672,482. The company’s fifty day moving average is $10.82 and its 200 day moving average is $10.15. Select Water Solutions has a 1-year low of $7.20 and a 1-year high of $14.42. The company has a market capitalization of $1.50 billion, a PE ratio of 65.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.64 and a quick ratio of 1.48.

Select Water Solutions (NYSE:WTTR) last released its 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 firm had revenue of $322.24 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, equities research analysts predict that Select Water Solutions will post 0.91 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.