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Stock impact report

Solaris Oilfield Infrastructure Announces Quarterly Cash Dividend Increase and Authorization of a Stock Buyback Program

Solaris Oilfield Infrastructure, Inc. Class A (SOI) 
Last solaris oilfield infrastructure, inc. class a earnings: 4/30 04:57 pm Check Earnings Report
US:NYSE Investor Relations: ir.solarisoilfield.com
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today that its Board of Directors has declared a 5% increase in its quarterly cash dividend to $0.105 per share of Class A common stock, to be paid on December 26, 2019 to holders of record as of December 16, 2019. A distribution of $0.105 per unit has also been approved for holders of units in Solaris Oilfield Infrastructure, LLC, which is subject to the same payment and record dates.Solaris also announced today that its Board of Directors has authorized a share repurchase program for up to $25 million of Solaris’ Class A common stock. Assuming full execution of the repurchase plan at the current share price, we would expect the retirement of approximately 5 percent of the Company’s outstanding shares. All purchases will be made in accordance with applicable laws from time to time in the open-market or through private transactions, depending on market conditions, and Show less Read more
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