Company: DWSN
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001558370-25-004330
Chunk: 30

Company: DAWSON GEOPHYSICAL CO
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5M
Chunk 30
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Item 5.  MARKET FOR OUR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Our common stock trades on the NASDAQ under the symbol “DWSN.” As of March 31, 2025, we had 198 holders of record of our common stock. The actual number of shareholders is greater than the number of record holders and includes shareholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.

The table below represents the high and low sales prices per share for the periods shown. 

​​​​​​​​Three Months Ended     High    Low March 31, 2023​$ 2.06​$ 1.28​June 30, 2023​$ 2.25​$ 1.55​September 30, 2023​$ 2.65​$ 1.45​December 31, 2023​$ 2.48​$ 1.36​March 31, 2024​$ 1.83​$ 1.27​June 30, 2024​$ 2.22​$ 1.27​September 30, 2024​$ 2.10​$ 1.36​December 31, 2024​$ 1.82​$ 1.30​

As of March 31, 2025, the market price for our common stock was $1.23 per share.

On March 28, 2024, the Company’s Board of Directors declared a special cash dividend on the company’s common stock of $0.32 per share, payable on May 6, 2024, to stockholders of record as of the close of business on April 22, 2024. The aggregate payment was approximately $9.9 million. Our Board of Directors considered our financial condition, results of operations, capital and legal requirements, economic and market conditions affecting the energy industry in general, and the oilfield services business in particular, and other factors deemed relevant by the board in determining whether or not to declare a dividend. Payment of any dividends in the future will be at the discretion of our board. There are currently no restrictions prohibiting us from paying dividends to our shareholders. No dividends were paid in 2023.