CARBO Ceramics Inc. (CRR) said Tuesday that its Board of Directors has approved an increase in the company's quarterly dividend to $0.27 per common share, or $1.08 per common share on an annualized basis.
This represents an increase of 13% over the company's previous quarterly dividend and marks the twelfth consecutive year the company has increased its dividend to shareholders.
The dividend is payable on August 15 to shareholders of record as of August 1.
Gary Kolstad, Chief Executive Officer of CARBO Ceramics, said, "I am pleased that CARBO's strong balance sheet provides us the opportunity to pay dividends to shareholders while executing on our long term growth plans. The decision to increase our dividend for the twelfth consecutive year demonstrates a continued confidence in our long term cash flow outlook."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.