HOUSTON, Jan. 9, 2014 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. ("Global" or the "Company") (NYSE:GGS) today announced that it has declared a cash dividend of $239.58 per share on its 11.5% Series A Cumulative Preferred Stock (the "Preferred Stock"), equivalent to a cash dividend of $0.23958 per depositary share, each representing a 1/1000th interest in a share of the Preferred Stock (the "Depositary Shares"). The dividend will be paid on January 31, 2014 to holders of record of the Depositary Shares as of January 20, 2014. The Depositary Shares are currently listed on the New York Stock Exchange under the symbol "GGSPRA".
Certain statements in this news release regarding future expectations and plans for future activities may be regarded as "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While such statements reflect the Company's current views with respect to future events, no assurances can be given that such expectations will be realized or that such future events or activities will occur. The Company's actual results could differ materially from those projected as a result of certain factors. Some of the factors that could affect our future results and could cause results to differ materially from those expressed in our forward-looking statements are discussed in our filings with the SEC, including our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q, available on the SEC's website at www.sec.gov.
About Global Geophysical Services, Inc.
Global Geophysical Services, Inc. and its subsidiaries provide an integrated suite of geoscience and engineering solutions to the global oil and gas industry including Reservoir GradeSM high-resolution seismic data acquisition, AutoSeis® autonomous nodal recording technology, microseismic monitoring, seismic data processing, multi-client data products and interpretation services focused on unconventional consulting. Global combines experience, innovation, operational safety and environmental responsibility with leading edge technology to facilitate the success of its clients by providing them the tools and solutions to gain insight. To learn more about Global's worldwide capabilities, visit www.globalgeophysical.com.
CONTACT: Sean M. Gore
V.P. Corporate Development
13927 South Gessner RoadMissouri City, TX 77489
Phone: (713) 808-1750
Fax: (713) 972-1008
Source: Global Geophysical Services, Inc.