The Board of Supervisory Directors of Core Laboratories N.V. (NYSE: “CLB US”) (Euronext Amsterdam Exchange: “CLB NA”) has announced a cash dividend of $0.55 per share of common stock payable in the first quarter of 2016. This first quarter dividend would mean a total payout of $2.20 per share of common stock if maintained for the entire year. The quarterly $0.55 per share cash dividend will be payable on Friday, 19 February 2016, to shareholders of record on Friday, 22 January 2016. Dutch withholding tax will be deducted from the dividend at a rate of 15%.
Any determination to declare a future quarterly cash dividend, as well as the amount of any such cash dividend that may be declared, will be based on the Company’s financial position, earnings, earnings outlook, capital expenditure plans, ongoing share repurchases, potential acquisition opportunities, and other relevant factors at the time.
The Company has scheduled a conference call to discuss Core’s fourth quarter 2015 earnings. The call will begin at 7:30 a.m. CST / 2:30 p.m. CET on Thursday, 28 January 2016. To listen to the call, please go to Core’s website at www.corelab.com.
Core Laboratories N.V. (www.corelab.com) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance. The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.
