Smart Sand shares are trading higher after the company announced it declared a special cash dividend of $0.10 per share and authorized a $10 million buyback.
Portfolio Pulse from Benzinga Newsdesk
Smart Sand shares rose following the announcement of a special cash dividend of $0.10 per share and a $10 million share buyback authorization.
October 04, 2024 | 12:08 pm
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Smart Sand announced a special cash dividend of $0.10 per share and a $10 million share buyback, leading to a rise in its stock price.
The declaration of a special dividend and a share buyback are positive signals to investors, indicating the company's strong cash position and commitment to returning value to shareholders. This typically results in a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100