TGC Industries Declares Cash Dividend

PLANO, Texas, Dec. 6, 2012 /PRNewswire/ -- TGC Industries, Inc. (NASDAQ: TGE) today announced that on December 5, 2012 its Board of Directors declared a cash dividend of $0.15 per share on the Company's common stock, payable on December 27, 2012 to shareholders of record at the close of business on December 17, 2012. 

Wayne Whitener , TGC Industries' President and Chief Executive Officer, stated, "The Board of Directors concluded that TGC's favorable outlook and strong cash flow enable it to make this dividend payment to our shareholders.  Our Board has determined that it will review the payment of dividends on an annual basis after analyzing forecasted operational performance, capital spending requirements and economic trends and conditions."

As of December 5, 2012, TGC Industries had 20,652,424 shares of Common Stock outstanding.

TGC Industries, Inc., based in Plano, Texas, is a leading provider of seismic data acquisition services with operations throughout the continental United States and Canada.  The Company has branch offices in Houston, Midland, Oklahoma City and Calgary.

 

SOURCE TGC Industries, Inc.

RELATED LINKS
http://www.tgcseismic.com