TGC Industries (TGE) Declares 5% Common Dividend
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TGC Industries, Inc. (Nasdaq: TGE) announced that its Board of Directors has declared a five percent (5%) stock dividend on its outstanding Common Stock. Shareholders of record as of April 30, 2013 will receive the stock dividend for each share owned on that date, payable on May 14, 2013.
Cash in lieu of fractional shares will be paid to shareholders based on the last sales price of the Company's Common Stock on the record date. As of April 15, 2013, TGC Industries had 20,807,502 shares of Common Stock outstanding.
Cash in lieu of fractional shares will be paid to shareholders based on the last sales price of the Company's Common Stock on the record date. As of April 15, 2013, TGC Industries had 20,807,502 shares of Common Stock outstanding.
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