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March 31, 2006, 7:17 a.m. EST

TGC sets 5% stock dividend

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By Angela Moore

NEW YORK (MarketWatch) -- TGC Industries Inc. on Friday said it set a 5% stock dividend on its common shares. Shareholders of record on April 11, will receive the dividend for each share owned, payable on April 25. TGC Industries provides seismic data acquisition services. Shares closed Thursday at $1.11.

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