|By Marketwired .||
|July 17, 2014 05:04 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 07/17/14 -- Canadian Energy Services & Technology Corp. ("CESTC" or the "Corporation") (TSX: CEU)(OTCQX: CESDF) announced today that it will pay a cash dividend of $0.025 per common share on August 15, 2014, to the shareholders of record at the close of business on July 31, 2014. The cash dividend of $0.025 per common share reflects the previously announced stock split of the Corporation's issued and outstanding common shares on a three-for-one basis.
About Canadian Energy Services & Technology Corp.
CESTC is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CESTC's business model requires limited re-investment capital to grow. As a result, CESTC has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow. CESTC returns much of this free cash flow back to shareholders through its monthly dividend. Additional information about CESTC is available at www.sedar.com or on CESTC's website at www.CanadianEnergyServices.com.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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