Select Water Solutions (NYSE:WTTR) Announces $0.07 Dividend Payment for February 18th, with Dividend Yield of 2.3%

Select Water Solutions (NYSE:WTTR) will pay a $0.07 dividend on February 18. The dividend yield is 2.3%. However, the company's projected earnings are expected to expand by 76.5% over the next year, and the payout ratio could reach 84%. Despite solid dividend yields, the high dividend payment may put pressure on the balance sheet in the future. The company has a short dividend history, with a compound annual growth rate of approximately 12% over the last three years. The dividend has grown rapidly, but caution may be warranted due to the short payment history.