WASHINGTON (dpa-AFX) - Transocean Ltd. (RIG) Thursday announced the schedule for the second installment of its dividend of approximately U.S. $1 billion to be paid out of additional paid in capital. The second installment is $0.79 per outstanding share, with Ex-dividend date of August 24, 2011.
The dividend represents the second of four installments totaling $3.16 per outstanding share. The dividend was approved by shareholders at the company's Annual General Meeting on May 13, 2011.
The second installment is $0.79 per outstanding share, or approximately $252.7 million in total, based on the current number of the company's outstanding shares. The record date for the second installment is August 26, 2011, and is payable on September 21, 2011.
For shareholders who choose to receive the second dividend installment in Swiss francs, the dividend payment will be converted into Swiss francs as transacted by BNY Mellon on or about September 14, 2011.
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