Select Water Solutions Announces Quarterly Cash Dividend of $0.07 Per Share
Rhea-AI Summary
Select Water Solutions (NYSE: WTTR) declared a quarterly cash dividend of $0.07 per share of Class A common stock. The dividend will be paid on February 18, 2026 to shareholders of record as of the close of business on February 6, 2026. A comparable $0.07 per unit distribution was approved for unitholders of SES Holdings, LLC, with the same record and payment dates. All future dividends are subject to quarterly review and approval by Select's Board of Directors.
Positive
- $0.07 quarterly cash dividend declared per Class A share
- Dividend payment date: February 18, 2026
- Record date set for February 6, 2026
- Comparable $0.07 distribution approved for SES Holdings unitholders
Negative
- All future dividend payments are subject to quarterly Board review, creating payout uncertainty
News Market Reaction
On the day this news was published, WTTR declined 0.65%, reflecting a mild negative market reaction. This price movement removed approximately $10M from the company's valuation, bringing the market cap to $1.48B at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
About Select Water Solutions, Inc.
Select is a leading provider of sustainable water and chemical solutions to the energy industry. These solutions are supported by the Company's critical water infrastructure assets, chemical manufacturing and water treatment and recycling capabilities. As a leader in sustainable water and chemical solutions, Select places the utmost importance on safe, environmentally responsible management of water throughout the lifecycle of a well. Additionally, Select believes that responsibly managing water resources throughout its operations to help conserve and protect the environment is paramount to the Company's continued success. For more information, please visit Select's website, https://www.selectwater.com.
Contacts: | Select Water Solutions |
Garrett Williams | |
VP – Corporate Finance & Investor Relations | |
(713) 296-1010 | |
Dennard Lascar Investor Relations | |
Ken Dennard / Natalie Hairston | |
(713) 529-6600 | |
View original content:https://www.prnewswire.com/news-releases/select-water-solutions-announces-quarterly-cash-dividend-of-0-07-per-share-302667151.html
SOURCE Select Water Solutions, Inc.