SMART SAND, INC. DECLARES SPECIAL DIVIDEND OF $0.10 PER SHARE
Rhea-AI Summary
Smart Sand (NASDAQ: SND) has announced a special cash dividend of $0.10 per share, payable on August 14, 2025, to stockholders of record as of August 4, 2025.
The company, a fully integrated frac and industrial sand supplier, produces premium Northern White sand used in hydraulic fracturing of oil and natural gas wells, along with various industrial applications. Smart Sand operates mines in Wisconsin and Illinois, with access to four Class I rail lines for nationwide distribution.
CEO Charles Young emphasized the company's commitment to returning value to stockholders while focusing on cost management and operational efficiency.
Positive
- None.
Negative
- Relatively small dividend amount of $0.10 per share
- Cyclical nature of frac sand industry exposure
News Market Reaction
On the day this news was published, SND gained 8.85%, reflecting a notable positive market reaction. Argus tracked a trough of -2.9% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $8M to the company's valuation, bringing the market cap to $93M at that time. Trading volume was elevated at 3.0x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
"We are excited to continue our strategy of returning value to our stockholders through this special dividend," said Charles Young, the Company's Chief Executive Officer. "As we look forward, we remain committed to managing our costs and maximizing our efficiency in order to provide additional opportunities to return value to our stockholders."
About Smart Sand:
Smart Sand is a fully integrated frac and industrial sand supply and services company, offering complete mine to wellsite proppant and logistics solutions to our frac sand customers, and a broad offering of products for industrial sand customers. The Company produces low-cost, high quality Northern White sand, which is a premium sand used as a proppant to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells. The Company's sand is also a high-quality product used in a variety of industrial applications, including glass, foundry, building products, filtration, geothermal, renewables, ceramics, turf & landscaping, retail, recreation and more. The Company offers logistics solutions to its customers through in-basin transloading terminals and its SmartSystems™ wellsite storage and sand management capabilities. Smart Sand owns and operates premium sand mines and related processing facilities in
Contact:
Lee Beckelman
Phone: (281) 231-2660
Email: lbeckelman@smartsand.com
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SOURCE Smart Sand, Inc.
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