HOUSTON, July 22, 2014 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) today announced that its Board of Director's approved an increase in the Company's quarterly dividend to $0.33 per common share, or $1.32 per common share on an annualized basis.
This represents an increase of 10 percent over the Company's previous quarterly dividend and marks the fourteenth consecutive year the Company has increased its dividend to shareholders. The dividend is payable on August 15, 2014 to shareholders of record on August 1, 2014.
In commenting on the dividend increase, Gary Kolstad, Chief Executive Officer, said, "We are pleased to reward our shareholders with a fourteenth consecutive year of dividend increases. The Board of Director's authorization reflects confidence in the long-term prospects for the Company, and a commitment to increase value for our shareholders as we execute on our long-term growth strategies."
CARBO is an oilfield services technology company providing industry-leading products and services for:
Our Production Enhancement businesses increase E&P Operators' Production and EUR...by providing industry leading technology to Design, Build, and Optimize the FracTM
Our Environmental business protects E&P Operators' assets, minimizes environmental risk, and lowers operating costs (LOE)
SOURCE CARBO Ceramics Inc.