Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Announces $0.12 Quarterly Dividend

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Friday, June 7th will be paid a dividend of 0.12 per share on Monday, June 17th. This represents a $0.48 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Friday, June 7th.

Solaris Oilfield Infrastructure has increased its dividend by an average of 2.3% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Solaris Oilfield Infrastructure has a dividend payout ratio of 53.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Solaris Oilfield Infrastructure to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 66.7%.

Solaris Oilfield Infrastructure Stock Up 13.9 %

Shares of NYSE:SOI opened at $9.64 on Friday. The business has a fifty day moving average of $8.47 and a two-hundred day moving average of $8.40. The stock has a market cap of $414.62 million, a P/E ratio of 14.17 and a beta of 1.29. The company has a quick ratio of 1.63, a current ratio of 1.80 and a debt-to-equity ratio of 0.33. Solaris Oilfield Infrastructure has a 52-week low of $6.59 and a 52-week high of $11.32.

Solaris Oilfield Infrastructure (NYSE:SOI) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $63.55 million. Solaris Oilfield Infrastructure had a return on equity of 10.80% and a net margin of 7.58%. On average, research analysts expect that Solaris Oilfield Infrastructure will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TheStreet cut Solaris Oilfield Infrastructure from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Stifel Nicolaus cut their price target on Solaris Oilfield Infrastructure from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd.

Insider Activity

In other news, insider Christopher M. Powell sold 17,500 shares of Solaris Oilfield Infrastructure stock in a transaction on Friday, March 15th. The stock was sold at an average price of $8.50, for a total value of $148,750.00. Following the completion of the sale, the insider now owns 130,202 shares of the company’s stock, valued at $1,106,717. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 34.71% of the company’s stock.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides mobile proppant and fluid management systems, as well as last mile logistics management services. It offers systems, mobilization, and last mile logistics services that are used to unload, store, and deliver proppant, water and/or chemicals at oil and natural gas well sites.