YARDLEY, PA — Smart Sand, Inc. (Nasdaq: SND) said its board of directors has declared a special cash dividend of $0.10 per share, payable May 5 to stockholders of record as of April 22.
The company announced the dividend as part of its efforts to return capital to shareholders.
“We are pleased to continue returning capital to our stockholders through this dividend,” CEO Charles Young said.
Smart Sand produces and supplies frac and industrial sand used in hydraulic fracturing and other applications, including glass manufacturing, construction, and filtration.
The company operates sand mines and processing facilities in Wisconsin and Illinois and provides logistics services, including transloading terminals and wellsite storage systems.
Its Northern White sand is used as a proppant in oil and natural gas extraction to enhance recovery rates, the company said.
Smart Sand distributes its products across the United States and Canada through rail-connected facilities.
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