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Oceaneering Raises Quarterly Dividend 22%

Approving an increase in the quarterly cash dividend paid to shareholders, deepwater oil industry services provider Oceaneering International  (NYSE: OII  )  announced today that its board of directors approved a 22% increase in its quarterly cash dividend from $0.18 to $0.22 per share.

The new, higher payment will be made on June 20 to shareholders of record at the close of business on May 31.

Oceaneering began paying a quarterly dividend in 2011 at a rate of $0.15 per share and has increased it every year thus far. The new payout annualizes to $0.88 per share and would yield 1.4% at yesterday's closing price.

Oceaneering is a global provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Oceaneering also serves the defense, entertainment, and aerospace industries.

OII Dividend Chart

OII Dividend data by YCharts. Chart does not include current dividend increase.


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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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Related Tickers

8/3/2015 11:18 AM
OII $40.12 Up +0.10 +0.25%
Oceaneering Intern… CAPS Rating: ****

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