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Get filing alertsSmart Sand declares $0.10 special dividend, payable May 5 to April 22 shareholders
Filed April 9, 2026 · Period ending April 9, 2026 · ~1 min read
Key Changes
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Board approved one-time cash dividend of $0.10 per common share, suggesting company has excess cash to return to shareholders rather than reinvest in operations or acquisitions.
Item 8.01 verify on EDGAR → -
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Record date is April 22, 2026; payment date is May 5, 2026. Only shareholders owning stock at close of business April 22 will receive the dividend.
Press Release verify on EDGAR → -
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Disclosure furnished under Regulation FD via press release, ensuring all investors receive dividend information simultaneously rather than through selective disclosure.
Item 7.01 verify on EDGAR →
Summary
Smart Sand announced a special dividend of $0.10 per share, a one-time cash distribution to shareholders. The dividend will be paid May 5, 2026 to investors who own shares at the close of business on April 22, 2026.
Special dividends typically signal that management believes it has excess cash beyond what's needed for operations, debt service, or growth investments, and has chosen to return capital to shareholders rather than pursue other uses. For retail investors, this represents a direct cash return on investment. The $0.10 per share payout should be evaluated against the current stock price to understand the yield.
Investors who want to receive the dividend must own shares by April 22; those buying after that date won't qualify. Watch for management commentary on capital allocation strategy in upcoming earnings calls or investor presentations. A special dividend could indicate limited growth opportunities, strong recent cash generation, or a shift in capital allocation philosophy. Monitor whether this is a one-time event or signals a pattern of increased shareholder returns.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On April 9, 2026, Smart Sand, Inc. (the “Company”) issued a press release regarding the Dividend (as defined below).
The company disclosed that it issued a press release about a dividend. The 8-K references the dividend but does not provide details in the body text; those details would be in the attached press release (Exhibit 99.1). This is a Regulation FD disclosure, meaning the information is being publicly released to ensure fair disclosure to all investors.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
The press release is being "furnished" rather than "filed," which is standard for Regulation FD disclosures. This means the exhibit has limited legal liability exposure and won't automatically be incorporated into other SEC filings. This is procedural language that affects the legal status of the disclosure but not its informational content.
Event · Item 8.01 — Other Events
Smart Sand declared a $0.10 per share special dividend payable May 5, 2026 to shareholders of record April 22, 2026.
Added in current filing · verify on EDGAR →
On April 9, 2026, the Board of Directors of the Company declared a special dividend of $0.10 per share of common stock, to be paid on May 5, 2026 to stockholders of record at the close of business on April 22, 2026
The Board declared a special cash dividend of $0.10 per common share. This is a one-time distribution to shareholders, with a record date of April 22, 2026 and payment date of May 5, 2026. Special dividends typically indicate the company has excess cash and is returning capital to shareholders.
Event · Item 9.01 — Financial Statements and Exhibits
Smart Sand filed an 8-K attaching a press release as Exhibit 99.1; no material business event disclosed in the body text.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Exhibit NumberDescription | 99.1 | Press Release
The 8-K lists Exhibit 99.1 as a press release but provides no details in the body text about the content or subject matter of the release. Without access to the exhibit itself, the nature and materiality of the disclosure cannot be determined from this filing.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 9, 2026 · How we verify