Smart Sand Declares Special Dividend Of $0.10 Per Share And Authorizes $10M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Smart Sand, Inc. (NASDAQ:SND) has declared a special dividend of $0.10 per share and authorized a $10 million share repurchase program. The dividend is payable on October 28, 2024, and the repurchase program is valid through April 3, 2026.
October 03, 2024 | 8:03 pm
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Smart Sand has declared a special dividend of $0.10 per share and authorized a $10 million share repurchase program, potentially boosting investor confidence and stock value.
The special dividend and share repurchase program are positive signals to investors, indicating the company's strong cash position and commitment to returning value to shareholders. This could lead to a short-term increase in stock price as investors react to the news.
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