Solaris Oilfield Infra's Ex-Dividend Date Is Monday, Here's What You Need To Know

Friday marks the last chance for investors to receive the next dividend payout from Solaris Oilfield Infra SOI.

What's Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 11 cents per share. On Monday, Solaris Oilfield Infra will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 11 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own SOI as of the end of Friday's session are eligible to receive the 11 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on March 24, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.