Select Energy Services, Inc., an oilfield services company, provides water management and chemical solutions to the onshore oil and gas industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, flow back and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various on-site rental equipment and workforce accommodation services. The Water Infrastructure segment develops, builds, and operates semi-permanent and permanent pipeline infrastructure solutions to support oil and gas well development. The Oilfield Chemicals segment develops, manufactures, and provides a suite of chemicals, water treatment solutions, and services used in hydraulic fracturing, stimulation, cementing, production, pipelines, and well completions, including polymers, viscosity, crosslinkers, friction reducers, surfactants, buffers, breakers, and other chemical technologies to pressure pumping service companies. This segment also offers production chemical solutions for underperforming wells and ancillary oilfield services comprising corrosion and scale monitoring, chemical inventory management, well failure analysis, and lab services. Select Energy Services, Inc. was incorporated in 2016 and is headquartered in Houston, Texas.
Select Energy Services Dividend Announcement
• Select Energy Services announced a quarterly dividend of $0.07 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-11-05
• Select Energy Services annual dividend for 2024 was $0.25
• Select Energy Services annual dividend for 2023 was $0.21
• Select Energy Services's trailing twelve-month (TTM) dividend yield is 1.73%
• Select Energy Services's payout ratio for the trailing twelve months (TTM) is 47.68%
Select Energy Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-05 | $0.07 | quarterly | 2024-11-15 |
2024-08-05 | $0.06 | quarterly | 2024-08-16 |
2024-05-02 | $0.06 | quarterly | 2024-05-15 |
2024-02-06 | $0.06 | quarterly | 2024-02-20 |
2023-11-06 | $0.06 | quarterly | 2023-11-17 |
2023-08-04 | $0.05 | quarterly | 2023-08-17 |
2023-05-04 | $0.05 | quarterly | 2023-05-17 |
2023-02-06 | $0.05 | quarterly | 2023-02-17 |
2022-11-04 | $0.05 | quarterly | 2022-11-17 |
Select Energy Services Dividend per year
Select Energy Services Dividend growth
Select Energy Services Dividend Yield
Select Energy Services current trailing twelve-month (TTM) dividend yield is 1.73%. Interested in purchasing Select Energy Services stock? Use our calculator to estimate your expected dividend yield:
Select Energy Services Financial Ratios
Select Energy Services Dividend FAQ
Other factors to consider when evaluating Select Energy Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Select Energy Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Select Energy Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Select Energy Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Select Energy Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Select Energy Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Select Energy Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Select Energy Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Select Energy Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Select Energy Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.