Sea Discovery


Transocean Ltd. Announces Schedule for Fourth Dividend Installment and Currency Election Period


Image: Transocean Ltd Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced the schedule for the fourth installment of its dividend of approximately U.S. $1 billion to be paid out of additional paid in capital. The fourth installment is $0.79 per outstanding share, or approximately $276.3 million in total, based on the current number of the company's outstanding shares.

The dividend is denominated in U.S. dollars and represents the fourth of four installments totaling $3.16 per outstanding share. The dividend was approved by shareholders at the company's Annual General Meeting on May 13, 2011.


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