Select Water Solutions to Pay $0.07 Dividend, EPS Projected to Cover Future Distributions

Select Water Solutions (NYSE:WTTR) announced a dividend of $0.07 per share, a 2.4% annual payment in line with the industry average. The company has maintained a consistent dividend since 2022, with a compound annual growth rate of 12%. However, EPS is forecast to expand by 113.5% over the next year, bringing the payout ratio into a comfortable range. The company's dividend history is relatively short, and investors may be attracted to the stock based on its payment history, but the dividend may lack growth and doesn't look sustainable.