Published on 25 Nov 2023 on Simply Wall St. via Yahoo Finance

We Wouldn't Be Too Quick To Buy Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) Before It Goes...

It looks like Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) is about to go ex-dividend in the next 3 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Solaris Oilfield Infrastructure's shares before the 30th of November to receive the dividend, which will be paid on the 11th of December.

The company's next dividend payment will be US$0.12 per share. Last year, in total, the company distributed US$0.48 to shareholders. Based on the last year's worth of payments, Solaris Oilfield Infrastructure stock has a trailing yield of around 5.4% on the current share price of $8.87. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for Solaris Oilfield Infrastructure