Aris Water Solutions, Inc. (NYSE:ARIS – Get Rating) shares hit a new 52-week high during trading on Monday . The company traded as high as $19.62 and last traded at $19.19, with a volume of 3455 shares. The stock had previously closed at $19.16.
Separately, Capital One Financial upgraded Aris Water Solutions from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 25th.
The company has a fifty day simple moving average of $16.33.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 29th. Stockholders of record on Thursday, March 17th were paid a dividend of $0.09 per share. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Wednesday, March 16th.
About Aris Water Solutions (NYSE:ARIS)
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.
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