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CARBO Announces 2010 Dividend Increase

HOUSTON, July 20 /PRNewswire-FirstCall/ -- CARBO Ceramics Inc. (NYSE: CRR), announced today that its Board of Directors has approved an increase in the Company's quarterly dividend to 20 cents per common share, or $0.80 per common share on an annualized basis.

This represents an increase of 11% over the Company's previous quarterly dividend and marks the tenth consecutive year the Company has increased its dividend to shareholders. The dividend is payable on August 16, 2010 to shareholders of record as of August 2, 2010.

Gary Kolstad, Chief Executive Officer and President of CARBO Ceramics, said, "Given the confidence our Board of Directors has about our long-term outlook and financial strength, it is fitting that the Company reward its shareholders with an increase to the quarterly dividend amount."

CARBO is the world's largest supplier of ceramic proppant, the provider of the world's most popular fracture simulation software, and a provider of fracture design and consulting services. The Company also provides a broad range of technologies for spill prevention, containment and countermeasures, along with geotechnical monitoring.

The statements in this news release that are not historical statements, including statements regarding our future financial and operating performance, are forward-looking statements within the meaning of the federal securities laws. All forward-looking statements are based on management's current expectations and estimates, which involve risks and uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil and natural gas, risks of increased competition, technological, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, the risks of war and international and domestic terrorism, risks associated with foreign operations and foreign currency exchange rates and controls; weather-related risks and other risks and uncertainties described in our publicly available filings with the SEC. We assume no obligation to update forward-looking statements, except as required by law.

SOURCE CARBO Ceramics Inc.