Thursday, July 19, 2012 9:11:29 AM
07/19/2012 | 06:05am US/Eastern
Also Declares Regular Cash Dividend of $0.125 Per Share
Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on September 4, 2012 to shareholders of record on August 1, 2012.
The Board reiterated its stated policy of considering paying special cash dividends, in amounts to be determined, on a quarterly basis. Any determination to declare a special dividend, as well as the amount of any special dividend that may be declared, will be based on the Company's financial position, earnings, earnings outlook, capital spending plans and other relevant factors at that time.
ABOUT DIAMOND OFFSHORE
Diamond Offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling. Diamond Offshore's fleet of offshore drilling rigs consists of 31 semisubmersibles, seven jack-ups, and one drillship, in addition to four ultra-deepwater drillships and one deepwater semisubmersible currently under construction. For additional information and access to SEC filings, please visit the Company's website at www.diamondoffshore.com. Diamond Offshore is a 50.4% owned subsidiary of Loews Corporation (NYSE: L).
FORWARD-LOOKING STATEMENTS
Statements contained in this press release which are not historical facts are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by management of the Company. A discussion of the important risk factors and other considerations that could materially impact these matters as well as the Company's overall business and financial performance can be found in the Company's reports filed with the Securities and Exchange Commission and readers of this release are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Company's website www.diamondoffshore.com. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Any such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.
Diamond Offshore Drilling, Inc.
Darren Daugherty, 281-492-5370
Director, Investor Relations
Recent DO News
- Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction • PR Newswire (US) • 08/30/2024 08:01:00 PM
- Noble Corporation and Diamond Offshore Provide Update on Expected Closing of Transaction • PR Newswire (US) • 08/30/2024 08:01:00 PM
- Diamond Offshore Reports Second Quarter 2024 Results • PR Newswire (US) • 08/06/2024 08:05:00 PM
- Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update • PR Newswire (US) • 07/25/2024 09:30:00 PM
- Noble Corporation and Diamond Offshore Announce Expiration of Hart-Scott-Rodino Act Waiting Period and Provide Transaction Update • PR Newswire (US) • 07/25/2024 09:30:00 PM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT • PR Newswire (US) • 07/18/2024 09:35:00 PM
- DIAMOND OFFSHORE TO RELEASE SECOND QUARTER 2024 RESULTS • PR Newswire (US) • 07/17/2024 08:15:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 06/17/2024 08:15:25 PM
- Kuehn Law Encourages ICCH, DO, ASXC, and DPSI Investors to Contact Law Firm • PR Newswire (US) • 06/11/2024 12:04:00 PM
- Rowley Law PLLC is Investigating Proposed Acquisition of Diamond Offshore Drilling, Inc. • PR Newswire (US) • 06/10/2024 10:11:00 PM
- Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News • IH Market News • 06/10/2024 11:29:44 AM
- Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc. • PR Newswire (US) • 06/10/2024 06:00:00 AM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT • PR Newswire (US) • 05/15/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:22:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:14:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:07:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 08:01:02 PM
- Diamond Offshore Reports First Quarter 2024 Results • PR Newswire (US) • 05/07/2024 08:15:00 PM
- DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTS • PR Newswire (US) • 04/17/2024 09:34:00 PM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT • PR Newswire (US) • 03/04/2024 03:00:00 AM
- Diamond Offshore Reports Fourth Quarter 2023 Results • PR Newswire (US) • 02/28/2024 03:12:00 AM
- DIAMOND OFFSHORE ANNOUNCES NEW FLOATER COMMITMENTS • PR Newswire (US) • 02/08/2024 07:45:00 AM
- DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2023 RESULTS • PR Newswire (US) • 02/06/2024 10:14:00 PM
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP CONTRACT • PR Newswire (US) • 11/13/2023 12:58:00 PM
- Diamond Offshore Reports Third Quarter 2023 Results and Announces Contract Awards of $240 Million • PR Newswire (US) • 11/06/2023 10:53:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM