Aris Water Solutions, Inc. (NYSE:ARIS) Announces $0.11 Quarterly Dividend

Aris Water Solutions, Inc. (NYSE:ARIS) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.105 per share on Thursday, December 19th. This represents a $0.42 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, December 5th.

Aris Water Solutions has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Aris Water Solutions to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 32.8%.

Aris Water Solutions Price Performance

Shares of ARIS stock traded up $4.42 during trading hours on Tuesday, hitting $20.98. The stock had a trading volume of 1,992,535 shares, compared to its average volume of 351,387. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 27.93 and a beta of 1.62. Aris Water Solutions has a one year low of $7.22 and a one year high of $22.03. The stock’s 50-day moving average price is $16.46 and its two-hundred day moving average price is $15.84.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $101.12 million for the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. Equities analysts forecast that Aris Water Solutions will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

Separately, US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $15.25.

Insider Activity

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction on Monday, August 12th. The shares were sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the transaction, the chief operating officer now directly owns 94,690 shares of the company’s stock, valued at $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 22.46% of the company’s stock.

About Aris Water Solutions

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.