Core Labs (CLB) Declares $0.06 Quarterly Dividend, 0.3% Yield; Declares $0.65 Special Dividend

Core Laboratories N.V. (NYSE: CLB) has announced a quarterly cash dividend of $0.06 per share of common stock payable in the third quarter of 2010. This amount reflects the two-for-one stock split that was effective on 8 July 2010 and is equal in amount to the quarterly cash dividend of $0.12 per share paid in the second quarter of 2010. On an annualized basis, the quarterly cash dividend would equal a payout of $0.24 per split share of common stock. The quarterly cash dividend will be payable on 23 August 2010 to shareholders of record on 23 July 2010. The ex-dividend date is July 21, 2010. Yield on the dividend is 0.3%. Core’s Board of Supervisory Directors also has declared a special cash dividend of $0.65 per share of common stock payable on 23 August 2010 to shareholders of record on 23 July 2010. This amount also is reflective of the two-for-one stock split and is the equivalent of $1.30 per share before the split. Dutch withholding tax will be deducted from the special dividend at a rate of 15%.... Read more

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