Rowan Declares 10-Cent Quarterly Dividend

Rowan Companies (NYSE:RDC) has declared a cash dividend of 10 cents per share of Common Stock payable on November 30, 2007, to shareholders of record on November 14, 2007.

Rowan Companies, Inc. is a major provider of international and domestic offshore contract drilling services. The company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries. Rowan Companies' stock is traded on the New York Stock Exchange under the ticker RDC.

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