BOSTON (Thomson Financial) - TGC Industries Inc. said Thursday that its
board has declared a 5% stock dividend on its outstanding common shares.
The dividend is payable on April 28 to shareholders of record as of April
14.
TGC said cash will be paid in lieu of fractional shares based on the last
sales price of the company's common stock on the record date.
Shares of the Plano, Texas-based geophysical services provider closed
Wednesday at $7.74.
Greg Saulnier
gs/tk1
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