RPC Inc. (RES) Swings to Q4 Profit; Increases Quarterly Dividend 47% to $0.07; Yields 1.6%

RPC Inc. (NYSE: RES) reported Q4 EPS of $0.38, $0.03 better than the analyst estimate of $0.35. Revenue for the quarter came in at $328.14 million versus the consensus estimate of $325.97 million. The company also declared a regular quarterly cash dividend of $0.07 per share, $0.28 annualized. The dividend is a 47.4% increase from the current rate of $0.0475. The dividend is payable March 10, 2011 to common stockholders of record at the close of business on February 10, 2011. The ex-dividend date is February 8, 2011. Yield on the dividend is 1.6%.... Read more

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