Stockholders' and Members' Equity
|6 Months Ended|
Jun. 30, 2022
|Stockholders' and Members' Equity|
|Stockholders' and Members' Equity||
During the six months ended June 30, 2022, Solaris LLC units, together with an equal number of shares of our Class B common stock, were redeemed for shares of our Class A common stock on a one-for-one basis as follows:
Dividends and Distributions
On February 25, 2022 and, our Board of Directors declared quarterly dividends of $0.09 per share for the first quarter and second quarter of 2022, respectively, on our Class A common stock. In conjunction with the dividend payments, a distribution of $0.09 per unit was paid to unit holders of Solaris LLC for both the first quarter and of 2022.
On August 3, 2022, our Board of Directors declared a quarterly dividend of $0.09 per share for the third quarter of 2022 on our Class A common stock. The dividend will be paid on August 30, 2022, to holders of record of our Class A common stock as of the close of business on August 17, 2022. In conjunction with the dividend payment, a distribution of $0.09 per unit will be paid to unit holders of Solaris LLC subject to the same payment and record dates.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef