dividend
confidence high
sentiment positive
materiality 0.50
RPC declares $0.04 quarterly dividend, expands buyback by 8M shares
RPC INC
- Regular quarterly cash dividend of $0.04 per share, payable June 9, 2023 to holders of record May 10, 2023.
- Board increased share repurchase authorization by 8.0 million shares; total remaining available is 15,115,820 shares.
- Stock buyback program has no predetermined expiration date; repurchases depend on market price and conditions.
- Company does not expect to incur debt to fund the share repurchase program.