AMSTERDAM, Jan. 15, 2021 /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 first quarter of 2021. This first quarter
dividend would mean a total payout of $0.04 per share of common stock, if maintained
for the entire year. The quarterly $0.01 per share cash dividend will be payable on
Tuesday, 16 February 2021, to
shareholders of record on Monday, 25 January
2021. 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.
The Company has scheduled a conference call to discuss Core's
fourth quarter 2020 earnings. The call will begin at 7:30 a.m. CST / 2:30 p.m.
CET on Thursday, 28 January
2021. 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 and production
enhancement 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, 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.