ATLANTA, Oct. 26, 2016 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that its Board of Directors voted to pay a year-end cash dividend of $0.05 per share. The dividend will be payable December 9, 2016 to common stockholders of record at the close of business on November 10, 2016. Richard A. Hubbell, RPC's President and Chief Executive Officer, stated, "The resumption of our cash dividend continues a 20-year history of dividends at RPC, and is a testament to the Company's financial strength and our belief that the U.S. domestic oilfield has stabilized following a severe downturn."
RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC's investor website can be found at www.rpc.net.