Transocean LTD.
RIGTransocean Ltd. (RIG) is a global offshore drilling contractor providing drilling services to the oil and gas industry. The company specializes in deepwater, harsh environment, and/completion and production drilling, operating a fleet of technologically advanced drilling rigs around the world. Established in 1953, Transocean is known for its expertise in managing complex and high-specification drilling operations in challenging environments.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 23, 2015 | $0.15 | 2015-08-21 | 2015-08-25 |
| June 17, 2015 | $0.15 | 2015-05-27 | 2015-05-29 |
| March 18, 2015 | $0.75 | 2015-02-18 | 2015-02-20 |
| December 17, 2014 | $0.75 | 2014-11-12 | 2014-11-14 |
| September 17, 2014 | $0.75 | 2014-08-20 | 2014-08-22 |
Dividends Summary
- Consistent Payer: Transocean LTD. has rewarded shareholders with 14 dividend payments over the past 4 years.
- Total Returned Value: Investors who held RIG shares during this period received a total of $8.70 per share in dividend income.
- Latest Payout: The most recent dividend of $0.15/share was paid 3775 days ago, on September 23, 2015.
- Yield & Schedule: RIG currently pays dividends quarterly with an annual yield of 36.60%.
- Dividend Growth: Since 2011, the dividend payout has decreased by 81.0%, from $0.79 to $0.15.
Company News
Transocean's stock declined due to potential Russia-Ukraine ceasefire negotiations and warm weather forecasts, which could reduce energy demand and impact oil and natural gas prices.
Roderick Mackenzie, Executive VP at Transocean, sold 53,769 shares in late October, representing 18% of his direct holdings. The sale follows the company's Q3 financial results and occurs amid a challenging year for the offshore drilling contractor.
Transocean Ltd. secured a six-well offshore drilling contract in Australia with an undisclosed operator, estimated at 320 days and worth approximately $130 million, with potential contract extensions into early 2030.
Ninepoint Partners LP acquired 6 million shares of Transocean, valued at $18.7 million, representing a new position in the offshore drilling company despite its recent underperformance in the stock market.
Offshore drilling company Transocean reported a net loss of $1.92 billion in Q3 2025, primarily due to significant asset impairment charges, while improving operational performance and taking steps to reduce debt.
