What Industry Is Making Dividend Headlines?

Transocean (NYSE: RIG  ) , the offshore driller, made a splash during its earnings release by reinstating its dividend program at $2.24 per share on an annual basis. Considering that activist investor Carl Icahn made it known that he felt the company should release cash to investors, this should come as no surprise. While it wasn't the amount Icahn was looking for, it is no doubt a welcome sight for investors in the company. Transocean's dividend reinstatement follows the dividend news of several other energy service companies this quarter, and there could be a few more stories on the way. To see which company Motley Fool analyst Taylor Muckerman has his eyes on, check out the video below.

Whose dividend hike could be on deck?
National Oilwell Varco is perhaps the safest investment in the energy sector due to its industry-leading 60% market share. This company is poised to profit in a big way; its customers are both increasing the number of new drilling rigs as well as updating an aging fleet of offshore rigs. To help determine if NOV is a nice fit for your portfolio, check out our premium research report with in-depth analysis on whether NOV is a buy today. For instant access to this valuable investor's resource, simply click here now and claim your copy today.


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  • Report this Comment On March 04, 2013, at 3:16 PM, DunkVT wrote:

    We've been reading your praise for National Oilwell Varco for months now yet it's price has only headed in one direction - south. This may be a "buy and hold" - and for a very long time to reap the rewards you claim.

  • Report this Comment On March 04, 2013, at 4:26 PM, BrassHammer wrote:

    @DunkVT: Amen to that! I hope the tide turns soon, I bought it on reccomendation and have bought more on the way down. I am presently about 6% negative! :(

  • Report this Comment On March 05, 2013, at 11:44 AM, TMFrunAMuck wrote:

    @DunkVT and @BrassHammer - thank you both very much for your comments.

    While we do realize that NOV has traded down as of late, its advantages still remain. I believe that the recent struggles of North American land drilling have weighed on this stock a bit, but positive sentiment about the future is flowing through the market. Take a look at Halliburton and Schlumberger's most recent conference calls, and each company is excited about the turnaround. Once this begins to take place, NOV could finally begin to realize the progress that we, and apparently Warren Buffett believe to be possible.

    Fool on!

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