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."
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.