Smart Sand declares special 10c per share dividend, authorizes share repurchase

Written by Emily J. Thompson, Senior Investment Analyst

SND+1.28%

Updated: Oct 03 2024

0mins

Special Cash Dividend: Smart Sand has announced a special cash dividend of $0.10 per share, payable on October 28 to shareholders recorded by October 15.
Share Repurchase Program: The company's board has approved a share repurchase program allowing up to $10 million in stock buybacks until April 3, 2026, with no obligation to repurchase a specific number of shares.

Get Free Real-Time Notifications for Any Stock

Monitor tickers like SND with instant alerts to capture every critical market movement.

SND

$4.76+Infinity%1D

Analyst Views on SND

About SND

Smart Sand, Inc. is a fully integrated frac and industrial sand supply and services company. The Company offers complete mine to wellsite proppant supply and logistics solutions to its frac sand customers. Its segments include Sand and SmartSystems. The Sand segment includes both frac sand sales and industrial products solutions (IPS) sales. The sand production process begins the same way for each of these revenue streams. The SmartSystems segment offers customers portable wellsite storage and management solutions that enable customers to unload, store, and deliver proppant at the wellsite. The Company produces Northern White sand, which is sand used as a proppant used to enhance hydrocarbon recovery rates in the hydraulic fracturing of oil and natural gas wells and for a variety of industrial applications. The Company also offers proppant logistics solutions to its customers through its in-basin transloading terminals and its SmartSystems well-site proppant storage capabilities.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.