Noble Declares Quarterly Cash Dividend
Noble Corporation announced that the Company's Board of Directors declared a quarterly cash dividend of $0.04 per ordinary share. The cash dividend of $0.04 per ordinary share will be paid on August 29, 2008 to shareholders of record on August 13, 2008.
"We are pleased to announce our quarterly cash dividend, however, in consideration of our view regarding the strength and longevity of the current industry cycle, we elected to retain available cash to better position the Company to pursue possible strategic investment options for building the Company's asset base rather than paying a special dividend," said Noble Corporation Chairman, President and Chief Executive Officer David W. Williams.
"Nevertheless, the Company will continue to analyze means of returning cash to the Company's shareholders. This could include further purchases of the Company's outstanding ordinary shares under the existing share repurchase program, as well as the consideration of payment of additional dividends in the future."
Manages 28 Offshore Rigs
- Sembcorp Marine Delivers World's Largest Jackup Noble Lloyd Noble (Jul 18)
- Oil Industry Maintains Country Club Culture During Downturn (May 23)
- Freeport to Pay Noble $540 Million to Not Use 2 Oil Rigs (May 10)