Press launch content material from Enterprise Wire. The AP information employees was not concerned in its creation.
HOUSTON–(BUSINESS WIRE)–Dec 3, 2019–
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Firm”) introduced right this moment that its Board of Administrators has declared a 5% enhance in its quarterly money dividend to $0.105 per share of Class A standard inventory, to be paid on December 26, 2019 to holders of report as of December 16, 2019. A distribution of $0.105 per unit has additionally been authorised for holders of items in Solaris Oilfield Infrastructure, LLC, which is topic to the identical cost and report dates.
Solaris additionally introduced right this moment that its Board of Administrators has approved a share repurchase program for as much as $25 million of Solaris’ Class A standard inventory. Assuming full execution of the repurchase plan on the present share value, we’d anticipate the retirement of roughly 5 p.c of the Firm’s excellent shares. All purchases will probably be made in accordance with…