Select Water Solutions, Inc. (WTTR) To Go Ex-Dividend on February 6th

Select Water Solutions, Inc. (NYSE:WTTR) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, February 6th will be given a dividend of 0.07 per share on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 6th.

Select Water Solutions has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NYSE:WTTR opened at $12.26 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $11.16 and its two-hundred day simple moving average is $10.30. Select Water Solutions has a 1-year low of $7.20 and a 1-year high of $13.50. The stock has a market cap of $1.48 billion, a PE ratio of 65.08 and a beta of 1.03.

Select Water Solutions (NYSE:WTTR) last posted its earnings results on Wednesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Select Water Solutions had a net margin of 1.41% and a return on equity of 2.26%. The firm had revenue of $322.24 million during the quarter, compared to analyst estimates of $306.39 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was down 13.2% compared to the same quarter last year. As a group, analysts forecast that Select Water Solutions will post 0.91 EPS 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.