AMSTERDAM, Oct. 15, 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 fourth quarter of 2020. This fourth
quarter dividend amount, when added to the Q1 2020 dividend of
$0.25 per share, the Q2 2020 dividend
of $0.01 per share and the Q3 2020
dividend of $0.01, means a total
payout for the year 2020 of $0.28 per
share of common stock. The fourth quarter $0.01 per share cash dividend will be payable on
Tuesday, 17 November 2020, to
shareholders of record on Monday, 26 October
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, public
health crises, such as the COVID-19 pandemic, and any related
actions taken by businesses and governments, 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.