Carbo Ceramics (CRR) Lowers Quarterly Dividend 69.7% to $0.10; 1.3% Yield
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CARBO Announces Reduction in Quarterly Dividend; Schedules First Quarter 2015 Earnings Call for April 30, 2015
March 17, 2015 4:15 PM EDTHOUSTON, March 17, 2015 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) announced today that its Board of Directors has reduced the dividend payment for the second quarter of 2015 to $0.10 per share from the previous level of $0.33 per share. The dividend is payable on May 15, 2015 to shareholders of record on May 1, 2015. The decrease in the dividend payment is expected to provide CARBO with cash savings of approximately $21.2 million on an annual basis.
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