Select Energy Services, Inc. announced that its Board of Directors has approved the initiation of a dividend program under which the Company intends to pay an initial quarterly cash dividend of $0.05 per Class A common share, beginning after the third quarter of 2022. A comparable distribution of $0.05 per unit has also been approved to the other unitholder of SES Holdings, LLC, who holds all the Company's Class B common shares. Select intends to pay regular quarterly dividends, with all future dividend payments subject to quarterly review and approval by its Board of Directors.

The Company will announce the record date and payment date for each future dividend following completion of the relevant fiscal quarter.