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[STK] NYSE:CLB EuronextAmsterdam:CLB
[IN] UTI OIL GAS
[SU] DIV
-- WITH PHOTO -- TO BUSINESS, AND ENERGY EDITORS:
Core Lab Announces Q2 2014 Quarterly Dividend
AMSTERDAM, April 14, 2014 /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 $0.50 per share of common
stock payable in the second quarter of 2014. On an annualized basis,
this quarterly dividend would equal a total payout of $2.00 per share
of common stock, if maintained for the entire year. The quarterly
$0.50 per share cash dividend will be payable on 23 May 2014 to
shareholders of record on 25 April 2014. 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 first
quarter 2014 earnings. The call will begin at 7:30 a.m. CDT / 2:30
p.m. CEST on Thursday, 24 April 2014. 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 2013 Form 10-K filed on 13 February
2014, 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.
Logo - http://photos.prnewswire.com/prnh/20100712/DA33898LOGO
SOURCE Core Laboratories N.V.
-0- 04/14/2014
/CONTACT: Richard L. Bergmark - CFO, +1 713 328 2101 or Chris Hill - Investor Relations, +1 713 328 6401, investor.relations@corelab.com
/Photo: http://photos.prnewswire.com/prnh/20100712/DA33898LOGO
/Web Site: http://www.corelab.com
(NYSE:CLB /
EuronextAmsterdam:CLB) /
CO: Core Laboratories N.V.
ST: Netherlands
IN: UTI OIL GAS
SU: DIV
PRN
-- DA05292 --
0000 04/14/2014 22:52:00 EDT http://www.prnewswire.com
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