RPC, Inc. Announces Reinstatement of Quarterly Cash Dividend

RPC, Inc.


PR Newswire



July 27, 2022

/PRNewswire/ — RPC, Inc. (NYSE: RES) announced today that its Board of Directors reinstated and declared a regular quarterly cash dividend of


per share payable

September 9, 2022

to common stockholders of record at the close of business on

August 10

, 2022.

“We are pleased that RPC is issuing its first cash dividend since 2019,” stated

Ben M. Palmer

, RPC’s President and Chief Executive Officer. “This action is consistent with our long-term focus on creating shareholder value. The reinstatement of our quarterly dividend also reflects our confidence in an improving domestic U.S. oilfield services industry and RPC’s ability to generate strong financial results.”

RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout

the United States

, including the

Gulf of Mexico

, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets.  RPC’s investor website can be found on the internet at



For information about RPC, Inc. or this event, please contact:

Michael L. Schmit

Chief Financial Officer

(404) 321-2140

[email protected]

Jim Landers

Vice President Corporate Services

(404) 321-2162

[email protected]

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rt RPC, Inc. Announces Reinstatement of Quarterly Cash Dividend