CARBO Ceramics Inc. announced today that its Board of Directors has increased the company's dividend for the second quarter of 2003 to $.10 per share, payable on August 15, 2003 to shareholders of record on July 31, 2003.
"Our Board of Directors today voted to increase the dividend by 11 percent," said Dr. C. Mark Pearson, President and Chief Executive Officer of CARBO Ceramics. "The long-term outlook for our business continues to be positive and this increase in the quarterly dividend reflects our strong current financial condition and our confidence in the company's ability to fund its future growth opportunities."
The company plans to release earnings results for the second quarter on July 31, 2003 before market open, and management will host a conference call to discuss the results at 2:00 p.m. central time (3:00 p.m. eastern) that day. To participate in the call, investors should dial 719-457-2679 and refer to confirmation code 346903. The conference call can also be accessed by visiting the company's Web site, http://www.carboceramics.com/ .
CARBO Ceramics Inc. is the world's leading manufacturer of ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells. Company information can be accessed on the Internet at the company's Web site.
This news release contains forward-looking statements that involve risks and uncertainties including price volatility, operation and other risks and other factors described in the company's publicly available SEC reports, which could cause actual results to differ materially from those indicated in the forward-looking statements.
CONTACT: Paul Vitek, CFO of CARBO Ceramics Inc., +1-972-401-0090
Web site: http://www.carboceramics.com/
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