RPC, Inc. (RES) will raise its quarterly dividend by 42.9 percent to $0.10 per share. Last year the dividend was hiked by 180 percent following 50 percent dividend cuts in both 2016 and 2015.

The new dividend is payable March 9, 2018 to common stockholders of record at the close of business on February 9, 2018. The current dividend yield of RPC is 1.9%.

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.