{"id":732454,"date":"2023-02-16T17:41:21","date_gmt":"2023-02-16T22:41:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/championx-increases-quarterly-dividend-by-13-percent\/"},"modified":"2023-02-16T17:41:21","modified_gmt":"2023-02-16T22:41:21","slug":"championx-increases-quarterly-dividend-by-13-percent","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/championx-increases-quarterly-dividend-by-13-percent\/","title":{"rendered":"ChampionX Increases Quarterly Dividend by 13 Percent"},"content":{"rendered":"
\n

THE WOODLANDS, Texas, Feb. 16, 2023 (GLOBE NEWSWIRE) — ChampionX Corporation (Nasdaq: CHX) (\u201cChampionX\u201d or the \u201cCompany\u201d) announced today its Board of Directors has declared an increased regular quarterly dividend of $0.085 per share on the Company\u2019s common stock, par value $0.01 per share, to be paid on April 28, 2023 to shareholders of record on April 7, 2023.<\/p>\n

\u201cConsistent with our commitment to returning excess capital to shareholders, I am pleased to announce that we are increasing our regular cash dividend by 13%, which reflects our demonstrated best-in-class free cash flow generation capability and our focus on creating value for our shareholders through a disciplined capital allocation framework,\u201d ChampionX\u2019s President and Chief Executive Officer Sivasankaran \u201cSoma\u201d Somasundaram said.<\/p>\n

\n About ChampionX<\/strong>\n <\/p>\n

ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably around the world. ChampionX\u2019s expertise, innovative products, and digital technologies provide enhanced oil and gas production, transportation, and real-time emissions monitoring throughout the lifecycle of a well. To learn more about ChampionX, visit our website at www.championX.com<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This news release contains statements relating to future actions and results, which are “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, ChampionX’s market position and growth opportunities. Forward-looking statements include statements related to ChampionX\u2019s expectations regarding the performance of the business, financial results, liquidity and capital resources of ChampionX. Forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from current expectations, including, but not limited to, changes in economic, competitive, strategic, technological, tax, regulatory or other factors that affect the operations of ChampionX\u2019s businesses. You are encouraged to refer to the documents that ChampionX files from time to time with the Securities and Exchange Commission (\u201cSEC\u201d), including the \u201cRisk Factors\u201d in ChampionX\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and in ChampionX\u2019s other filings with the SEC. Readers are cautioned not to place undue reliance on ChampionX\u2019s forward-looking statements. Forward-looking statements speak only as of the day they are made and ChampionX undertakes no obligation to update any forward-looking statement, except as required by applicable law.<\/p>\n

Investor Contact:
Byron Pope \u2013 byron.pope@championx.com \u2013 281-602-0094<\/p>\n

Media Contact:
John Breed \u2013 john.breed@championx.com \u2013 281-403-5751<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

THE WOODLANDS, Texas, Feb. 16, 2023 (GLOBE NEWSWIRE) — ChampionX Corporation (Nasdaq: CHX) (\u201cChampionX\u201d or the \u201cCompany\u201d) announced today its Board of Directors has declared an increased regular quarterly dividend of $0.085 per share on the Company\u2019s common stock, par value $0.01 per share, to be paid on April 28, 2023 to shareholders of record on April 7, 2023. \u201cConsistent with our commitment to returning excess capital to shareholders, I am pleased to announce that we are increasing our regular cash dividend by 13%, which reflects our demonstrated best-in-class free cash flow generation capability and our focus on creating value for our shareholders through a disciplined capital allocation framework,\u201d ChampionX\u2019s President and Chief Executive Officer Sivasankaran \u201cSoma\u201d Somasundaram said. About … <\/p>\n

Continue reading “ChampionX Increases Quarterly Dividend by 13 Percent”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732454","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nChampionX Increases Quarterly Dividend by 13 Percent - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/championx-increases-quarterly-dividend-by-13-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ChampionX Increases Quarterly Dividend by 13 Percent - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"THE WOODLANDS, Texas, Feb. 16, 2023 (GLOBE NEWSWIRE) — ChampionX Corporation (Nasdaq: CHX) (\u201cChampionX\u201d or the \u201cCompany\u201d) announced today its Board of Directors has declared an increased regular quarterly dividend of $0.085 per share on the Company\u2019s common stock, par value $0.01 per share, to be paid on April 28, 2023 to shareholders of record on April 7, 2023. \u201cConsistent with our commitment to returning excess capital to shareholders, I am pleased to announce that we are increasing our regular cash dividend by 13%, which reflects our demonstrated best-in-class free cash flow generation capability and our focus on creating value for our shareholders through a disciplined capital allocation framework,\u201d ChampionX\u2019s President and Chief Executive Officer Sivasankaran \u201cSoma\u201d Somasundaram said. 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