Transocean (RIG 1.79%), 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.
What Industry Is Making Dividend Headlines?
By Taylor Muckerman – Mar 4, 2013 at 12:00PM
NYSE: RIG
Transocean
Market Cap
$4.2B
Today's Change
(-1.79%) $0.07
Current Price
$3.84
Price as of October 31, 2025 at 4:00 PM ET
Several companies in this sector have raised or reinstated dividends to start 2013. Could there be more on the horizon?
About the Author
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.