AMSTERDAM, July 17, 2020 /PRNewswire/ -- The Board of
Supervisory Directors of Core Laboratories N.V. (NYSE: "CLB US" and
Euronext Amsterdam Exchange: "CLB NA") ("Core", "Core Lab", or the
"Company") has announced a cash dividend of $0.01 per share of common stock payable in the
third quarter of 2020. This third quarter dividend amount, if
maintained for the fourth quarter of the year, and when added to
the Q1 2020 dividend of $0.25 per
share and the Q2 2020 dividend of $0.01 per share, would mean a total payout for
the year of $0.28 per share of common
stock. The third quarter $0.01
per share cash dividend will be payable on Monday, 10 August 2020, to shareholders of record on
Monday, 27 July 2020. Dutch
withholding tax will be deducted from the dividend at a rate of
15%.
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.
Core Laboratories N.V. (www.corelab.com) is a leading provider
of proprietary and patented reservoir description and production
enhancement services and products 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, as well as other statements we make, includes
forward-looking statements regarding the future revenue,
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 most
recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S.
Securities and Exchange Commission. 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 or revise any forward-looking statement to reflect
events or circumstances that may arise after the date of this press
release, except as required by law.
Visit the Company's website at www.corelab.com. Connect with
Core Lab on Facebook, LinkedIn and YouTube.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/core-lab-announces-q3-2020-quarterly-dividend-301095297.html
SOURCE Core Laboratories N.V.