In addition to a regular $0.125-per-share quarterly dividend, Diamond Offshore Drilling has once again declared a special cash dividend of $0.75 a share, the company announced today.
Both the regular and special dividend payouts will be made on Sept. 3 to shareholders of record on Aug. 6. Diamond Offshore has maintained its regular dividend -- currently equal to an annual 0.72% dividend yield -- and special dividend payout at their existing levels for three years.
However, Diamond Offshore said it reconsiders paying special cash dividends each quarter, depending on factors such as financial results, earnings, and capital expenditures to determine what, if any, special dividends will be paid.
The article Diamond Offshore Drilling Declares Regular, Special Dividends originally appeared on Fool.com.Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.