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.
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CONTACTS:
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Wayne
Whitener
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Chief
Executive Officer
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TGC
Industries, Inc.
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(972)
881-1099
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Jack
Lascar / Karen Roan
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DRG&L
(713) 529-6600
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SOURCE TGC Industries, Inc.