RPC, Inc. (RES) will raise its quarterly dividend to $0.07 per share. Also a special year-end dividend of $0.07 per share will be paid by the oilfield services company.

Both dividends are payable December 11, 2017 to common stockholders of record at the close of business on November 10, 2017.

"The decision of our Board of Directors to reinstate a regular quarterly dividend and declare a second consecutive special year-end dividend represents a tangible way to reward our shareholders for their long-term interest in our company," stated Richard A. Hubbell, RPC's President and Chief Executive Officer. "Our balance sheet will remain strong following the payment of this dividend, and we note that we will continue to be conservatively capitalized following the payment of these dividends.  Given our view of the current operating environment and prospects for the U.S. domestic oilfield, we believe that we will continue to be capable of supporting our operations and pursue strategic opportunities to enhance our shareholder value."

RPC, Inc. (RPC) is a holding company for several oilfield services companies. RPC 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.