Solaris Oilfield Infrastructure Declared A 9% Increase To Its Quarterly Cash Dividend, Raising It From $0.11 To $0.12
Portfolio Pulse from Benzinga Newsdesk
Solaris Oilfield Infrastructure has announced a 9% increase in its quarterly cash dividend, raising it from $0.11 to $0.12 per share. The dividend will be paid on December 11, 2023. This is the third raise since the initiation of the dividend in 2018 and will be Solaris' 21st consecutive quarterly dividend.
October 27, 2023 | 6:48 am
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Solaris Oilfield Infrastructure's decision to increase its quarterly cash dividend by 9% may be seen as a positive sign by investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's strong financial health. As a result, they can lead to increased investor confidence, which can drive up the stock price in the short term. Given that this is Solaris' third raise since 2018 and its 21st consecutive quarterly dividend, it indicates a consistent return to shareholders, which is likely to be viewed positively by the market.
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