$0.10 special dividend as Smart Sand (NASDAQ: SND) returns cash
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Smart Sand, Inc. declared a special cash dividend of $0.10 per share on its common stock. The dividend will be paid on May 5, 2026 to stockholders of record as of the close of business on April 22, 2026.
The company describes this as part of its ongoing effort to return capital to stockholders while maintaining cost discipline, operational efficiency, and a strong balance sheet.
Positive
- None.
Negative
- None.
Insights
Smart Sand adds a special $0.10 dividend as a targeted capital return.
Smart Sand is paying a one-time special cash dividend of $0.10 per share, with a record date of April 22, 2026 and payment on May 5, 2026. This signals management’s willingness to distribute excess cash rather than retain all funds.
The CEO emphasizes cost discipline, operational efficiency, and a strong balance sheet as enablers of this payout, suggesting operations are stable enough to support returning cash. However, the filing does not quantify overall cash levels or dividend yield, so the broader impact on valuation cannot be assessed here.
Because the dividend is described as “special,” it should be viewed as a discrete event rather than a guaranteed recurring payment. Future company filings may clarify whether similar distributions are considered again as cash generation and balance sheet strength evolve.
8-K Event Classification
3 items: 7.01, 8.01, 9.01
3 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________
FORM 8-K
________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 9, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (281 ) 231-2660
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On April 9, 2026, Smart Sand, Inc. (the “Company”) issued a press release regarding the Dividend (as defined below). A copy of the press release is furnished as Exhibit 99.1 to this report. Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 8.01. Other Events.
On April 9, 2026, the Board of Directors of the Company declared a special dividend of $0.10 per share of common stock, to be paid on May 5, 2026 to stockholders of record at the close of business on April 22, 2026 (the “Dividend”).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |||||||
99.1 | Press Release | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SMART SAND, INC. | |||||||||||||||||||||||
| Dated: | April 9, 2026 | By: | /s/ Lee E. Beckelman | ||||||||||||||||||||
| Lee E. Beckelman | |||||||||||||||||||||||
| Chief Financial Officer | |||||||||||||||||||||||
SMART SAND, INC. DECLARES SPECIAL DIVIDEND OF $0.10 PER SHARE
YARDLEY, Pennsylvania, April 9, 2026 (PR Newswire) -- Smart Sand, Inc. (NASDAQ: SND) (“Smart Sand” or the “Company”) announced today that its board of directors has declared a special cash dividend on the Company’s common stock of $0.10 per share, payable on May 5, 2026, to stockholders of record as of the close of business on April 22, 2026.
“We are pleased to continue returning capital to our stockholders through this dividend,” said Charles Young, the Company’s Chief Executive Officer. “Our ongoing focus on cost discipline, operational efficiency, and maintaining a strong balance sheet positions us to continue evaluating opportunities to return value to stockholders over time.”
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 SmartSystemsTM wellsite storage and sand management capabilities. Smart Sand owns and operates premium sand mines and related processing facilities in Wisconsin and Illinois, which have access to four Class I rail lines, allowing the Company to deliver products substantially anywhere in the United States and Canada. For more information, please visit www.smartsand.com.
Contact:
Lee Beckelman
Phone: (281) 231-2660
Email: lbeckelman@smartsand.com
Phone: (281) 231-2660
Email: lbeckelman@smartsand.com