Danny McNease, Chairman and Chief Executive Officer, commented, "Over the past several months, we have sold or announced the sale of certain non-core assets. This special dividend provides our shareholders with a portion of the proceeds from these sales."
Rowan Companies, Inc. is a major provider of international and domestic offshore contract drilling services. The Company also operates a mini-steel mill, a manufacturing facility that produces heavy equipment for the mining and timber industries, and a drilling products division that has designed or built about one-third of all mobile offshore jack-up drilling rigs, including all 24 operated by the Company. The Company's stock is traded on the New York Stock Exchange and the Pacific Exchange - Stock & Options. Common Stock trading symbol: RDC.
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