CES Energy Solutions Corp. approved a 20% increase to the quarterly dividend from $0.025 per share to $0.030 per share, resulting in an annualized dividend of $0.12 per share representing an implied yield of 3% and Payout Ratio of 12%. The increased dividend returns additional value to shareholders while preserving the strength of the Company's balance sheet and maintaining ample liquidity to fund capital allocation alternatives.

The new dividend payment amount will be paid on the Company's next scheduled dividend payment of April 15, 2024 to the shareholders of record at the close of business on March 29, 2024.