AMSTERDAM, Jan.13, 2012
/PRNewswire/ -- The Board of Supervisory Directors of Core
Laboratories N.V. (NYSE: "CLB") has announced a cash dividend of
$0.28 per share of common stock
payable in the first quarter of 2012. This amount represents
a 12% increase over the quarterly dividends of $0.25 per share that were paid in 2011. On an
annualized basis, this first quarterly dividend would equal a total
payout of $1.12 per share of common
stock, if maintained for the entire year. The quarterly
$0.28 per share cash dividend will be
payable on 24 February 2012 to
shareholders of record on 24 January
2012. Dutch withholding tax will be deducted from the
dividend at a rate of 15%.
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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
fourth quarter 2011 earnings. The call will begin at 7:30 a.m. CST on Thursday, 2 February 2012. 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.
This release includes forward-looking statements regarding the
future revenues, profitability, business strategies and
developments of the Company made in reliance upon the safe harbor
provisions of Federal securities law. The Company's outlook is
subject to various important cautionary factors, including risks
and uncertainties related to the oil and natural gas industry,
business conditions, international markets, international political
climates and other factors as more fully described in the Company's
2010 Form 10-K filed on 22 February
2011, and in other securities filings. These important
factors could cause the Company's actual results to differ
materially from those described in these forward-looking
statements. Such statements are based on current expectations of
the Company's performance and are subject to a variety of factors,
some of which are not under the control of the Company. Because the
information herein is based solely on data currently available, and
because it is subject to change as a result of changes in
conditions over which the Company has no control or influence, such
forward-looking statements should not be viewed as assurance
regarding the Company's future performance. The Company undertakes
no obligation to publicly update any forward-looking statement to
reflect events or circumstances that may arise after the date of
this press release.
SOURCE Core Laboratories N.V.