Mammoth Energy Services (TUSK) Declares $0.125 Quarterly Dividend; 1.4% Yield

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Mammoth Initiates Quarterly Cash Dividend

July 16, 2018 4:01 PM EDT

OKLAHOMA CITY, July 16, 2018 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (Mammoth) (NASDAQ: TUSK) today announced that its Board of Directors has initiated a quarterly dividend policy and declared its first quarterly cash dividend of $0.125 per share of common stock, to be paid on August 14, 2018 to stockholders of record as of the close of business on August 7, 2018.  

Mammoths strong financial results and favorable outlook support an increased level of growth capex as well as some balanced return of capital to our stockholders, said Arty Straehla, Chief Executive Officer.  The regular quarterly cash... More