Core Lab Announces Q1 2013 Quarterly Dividend; Increases Quarterly Dividend By
14.2% To $0.32 Per Share
AMSTERDAM, Jan. 11, 2013
AMSTERDAM, Jan. 11,2013 /PRNewswire/ --The Board of Supervisory Directors of
Core Laboratories N.V. (NYSE: "CLB US" and NYSE Euronext: "CLB NA") has
announced a cash dividend of $0.32 per share of common stock payable in the
first quarter of 2013. This amount represents a 14.2% increase over the
quarterly dividends of $0.28 per share that were paid in 2012. On an
annualized basis, this first quarterly dividend would equal a total payout of
$1.28 per share of common stock, if maintained for the entire year. The
quarterly $0.32 per share cash dividend will be payable on 22 February 2013 to
shareholders of record on 22 January 2013. 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
2012 earnings. The call will begin at 7:30 a.m. CST on Thursday, 31 January
2013. 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, production enhancement, and reservoir
management 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 includes forward-looking statements regarding the future
revenues, 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 2011 Form 10-K
filed on 14 February 2012, and in other securities filings. 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 any forward-looking
statement to reflect events or circumstances that may arise after the date of
this press release.
SOURCE Core Laboratories N.V.
Contact: Richard L. Bergmark, +1-713-328-2101, Fax, +1-713-328-2151
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