HUNTSVILLE, Texas, Jan. 4, 2017 /PRNewswire/ -- Mitcham Industries,
Inc. ("Mitcham" or the "Company") (Nasdaq: MIND) announced today
that it has declared a quarterly cash dividend on its 9.00% Series
A Cumulative Preferred Stock ("Series A Preferred Stock") for the
fourth quarter of the fiscal year ending January 31, 2017.
In accordance with the terms of the 9.00% Series A Preferred
Stock of the Company, the Board of Directors has declared a Series
A Preferred Stock cash dividend of $0.5625 per share for the quarterly period that
began on November 1, 2016, and ends
on January 31, 2017. The dividend on
the Series A Preferred Stock is payable on January 31, 2017 to holders of record at the
close of business on January 15,
2017. The Series A Preferred Stock is currently listed on the
Nasdaq and trades under the ticker symbol "MINDP".
About Mitcham Industries
Mitcham Industries, Inc. provides equipment to the geophysical,
oceanographic and hydrographic industries.
Headquartered in Huntsville,
Texas, Mitcham has a global presence with operating
locations in the United States,
Canada, Australia, Singapore, Russia, Hungary, Colombia and the United Kingdom. Mitcham's worldwide Equipment
Manufacturing and Sales Segment, which includes its Seamap and
Klein Marine Systems units, designs, manufactures and sells
specialized, high performance, marine sonar and seismic equipment.
Through its Leasing Segment, Mitcham believes it is the largest
independent provider of exploration equipment to the seismic
industry.
Contacts:
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Rob Capps,
Co-CEO
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Mitcham Industries,
Inc.
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936-291-2277
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Jack
Lascar
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Dennard ▪
Lascar Associates
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713-529-6600
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SOURCE Mitcham Industries, Inc.