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 third quarter of 2015. On an annualized basis, this quarterly dividend would equal 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 Monday, 17 August 2015, to shareholders of record on Friday, 17 July 2015. 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 second quarter 2015 earnings. The call will begin at 7:30 a.m. CDT / 2:30 p.m. CEST on Thursday, 23 July 2015. 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.