Select Water Solutions, Inc. announced on October 25, 2024, that its Board of Directors declared a quarterly cash dividend of $0.07 per share of Class A common stock. This represents a 17% increase from the previous dividend payment.
The dividend is scheduled to be paid on November 15, 2024, to shareholders of record as of the close of business on November 5, 2024. A comparable distribution of $0.07 per unit was also approved for unitholders of SES Holdings, LLC.
John Schmitz, Chairman, President, and CEO, stated that the increase reflects confidence in the company's operating capabilities, cash flow generation, infrastructure growth opportunities, and balance sheet strength. This move enhances the capital return program while supporting business growth and water recycling initiatives.
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