ChampionX Corporation announced on May 8, 2025, that its Board of Directors has declared a regular quarterly dividend of $0.095 per share. This dividend is scheduled to be paid on July 25, 2025, to shareholders of record on July 3, 2025.
The company also provided an important update regarding its pending merger with Schlumberger Limited (SLB). As previously announced, the consummation of the merger is expected in Q2 or early Q3 2025. ChampionX shareholders will receive 0.735 shares of SLB common stock for each ChampionX share upon closing.
ChampionX explicitly stated that if the merger closes prior to the July 3, 2025, record date, holders of ChampionX shares before the closing will not be entitled to receive this declared dividend. This clarifies the financial implications for shareholders depending on the exact timing of the merger completion.
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