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.
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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."
About CARBO
CARBO is an oilfield services technology company providing
industry-leading products and services for:
Production Enhancement
Our Production Enhancement businesses increase E&P
Operators' Production and EUR...by providing industry leading
technology to Design, Build, and Optimize the
FracTM
Environmental Services
Our Environmental business protects E&P Operators' assets,
minimizes environmental risk, and lowers operating costs (LOE)
SOURCE CARBO Ceramics Inc.