Oil and gas industry services provider Oceaneering International (NYSE:OII) announced yesterday its third-quarter dividend of $0.22 per share, the same rate it paid last quarter after raising the payout 22% from $0.18 per share.
The board of directors said the quarterly dividend is payable on September 20 to holders of record at the close of business on August 30. The energy industry services provider split its share 2-for-1 in May 2011.
The regular dividend payment equates to a $0.88-per-share annual dividend, yielding 1.1% based on the closing price today of Oceaneering International's stock.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Oceaneering International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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