HOUSTON, July 28 /PRNewswire-FirstCall/ -- BJ Services Company
(NYSE: BJS; PCX; CBOE) announced today that its Board of Directors has
declared a 2-for-1 stock split to be effected in the form of a stock dividend.
To effect the stock split, the Company will make a special stock distribution
of one share of common stock for each share of the Company's common stock.
Stockholders of record on August 18, 2005 will receive one additional share of
common stock for each share of the Company's common stock held on that date.
The payment date for the stock dividend will be September 1, 2005.
Shareholders of record on August 18, 2005 will receive written notification of
their additional shares from Bank of New York, the Company's transfer agent.
The Board of Directors also approved a 25% increase in the Company's
quarterly cash dividend, and declared a cash dividend payable on October 14,
2005 to shareholders of record on September 15, 2005. On a post-split basis
the dividend will be increased from $.04 per share to $.05 per share. On a
pre-split basis the quarterly dividend was $.08 per share.
This news release contains forward-looking statements. These forward-
looking statements anticipate future performance such as the Company's
prospects, expected revenues, and expenses and profits. These forward-looking
statements are based on assumptions that may prove to be inaccurate, and they
are subject to risks and uncertainties that may cause actual results to differ
materially from expected results. These risk factors include, without
limitation, general global business and economic conditions, drilling activity
and rig count, pricing volatility for oil and gas, reduction in demand for our
services and products, risks from operating hazards such as fire, explosion
and oil spills, unexpected litigation for which insurance and customer
agreements do not provide complete protection, changes in exchange rates and
declines in the U.S. dollar, and risks associated with our international
operations, including potential instability and hostilities. This list of
risk factors is not intended to be comprehensive. More extensive information
concerning risk factors may be found in the Company's public filings with the
Securities and Exchange Commission.
BJ Services Company is a leading provider of pressure pumping and other
oilfield services to the petroleum industry.
(NOT INTENDED FOR DISTRIBUTION TO BENEFICIAL OWNERS)
SOURCE BJ Services Company
 back to top
Related links:
http://www.bjservices.com
CONTACT:
Trey Whichard or Jeff Smith, both of BJ
Services Company, +1-713-462-4239
|
