Select Water Solutions, Inc. (NYSE:WTTR) Announces $0.06 Quarterly Dividend

Select Water Solutions, Inc. (NYSE:WTTR) declared a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Stockholders of record on Friday, May 3rd will be paid a dividend of 0.06 per share on Wednesday, May 15th. This represents a $0.24 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, May 2nd.

Select Water Solutions has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Select Water Solutions to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 21.2%.

Select Water Solutions Stock Up 0.6 %

Select Water Solutions stock traded up $0.05 during mid-day trading on Thursday, hitting $9.42. The company’s stock had a trading volume of 1,161,575 shares, compared to its average volume of 1,144,727. The stock’s fifty day moving average price is $8.91 and its two-hundred day moving average price is $7.95. Select Water Solutions has a twelve month low of $6.78 and a twelve month high of $9.74. The stock has a market capitalization of $1.11 billion, a P/E ratio of 12.73 and a beta of 1.66.

Select Water Solutions (NYSE:WTTR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.11. The firm had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $378.12 million. Select Water Solutions had a net margin of 4.69% and a return on equity of 8.46%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities analysts expect that Select Water Solutions will post 0.7 earnings per share for the current year.

Insider Activity at Select Water Solutions

In related news, CAO Brian Szymanski sold 6,422 shares of Select Water Solutions stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total transaction of $55,229.20. Following the completion of the transaction, the chief accounting officer now directly owns 95,936 shares in the company, valued at $825,049.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Brian Szymanski sold 6,422 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $8.60, for a total value of $55,229.20. Following the completion of the transaction, the chief accounting officer now directly owns 95,936 shares of the company’s stock, valued at approximately $825,049.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Kile George sold 23,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $8.63, for a total value of $198,490.00. Following the sale, the senior vice president now owns 255,587 shares in the company, valued at approximately $2,205,715.81. The disclosure for this sale can be found here. Insiders have sold a total of 46,511 shares of company stock valued at $398,053 over the last quarter. 8.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Northland Securities assumed coverage on Select Water Solutions in a report on Monday. They set a “market perform” rating and a $11.50 price objective for the company.

About Select Water Solutions

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.