Transocean To Seek Shareholder Approval For $1 Bln Dividend

Transocean Ltd. said Friday it would seek shareholder approval for a U.S. dollar-denominated dividend of about U.S. $1 billion out of additional paid-in capital and payable in four quarterly installments. The contract drilling service provider's plans to pay a similar dividend last year was blocked by regulators in Switzerland, due to lawsuits that arose after the oil spill in the Gulf of Mexico.
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Source: RTT News