For the third straight quarter, the board of directors of Atlanta-based oilfield equipment and services supplier RPC (NYSE:RES) has declared a $0.10-per-share dividend, the company announced today.

According to today's press release, the $0.10 cash dividend is payable on Sept. 10 to RPC shareholders of record at the close of the Aug. 9 business day.

Excluding a year-end special dividend payment of $0.20 a share declared last Nov. 9, this latest quarterly dividend is one of RPC's highest per-share cash payouts in more than 15 years.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.