AMSTERDAM, April 28, 2020 /PRNewswire/ -- The Board of
Supervisory Directors of Core Laboratories N.V. (NYSE: "CLB US" and
Euronext Amsterdam Exchange: "CLB NA") has announced a cash
dividend of $0.01 per share of common
stock payable in the second quarter of 2020. This second
quarter dividend amount, if maintained for the remaining quarters
of the year, and when added to the Q1 2020 dividend of $0.25 per share, would mean a total payout for
the year of $0.28 per share of common
stock. The second quarter $0.01
per share cash dividend will be payable on Tuesday, 19 May 2020, to shareholders of record on Friday,
8 May 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.
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SOURCE Core Laboratories N.V.