Diamond Offshore Drilling, Inc. Declares Special Cash Dividend of $1.875 Per Share - Zibb.com

HOUSTON, Oct 22, 2009 (BUSINESS WIRE) --

Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that the Company has declared a special cash dividend of $1.875 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on December 1, 2009 to shareholders of record on November 2, 2009.

The Company has adopted a policy of considering paying special cash dividends, in amounts to be determined, on a quarterly basis. Any determination to declare a special dividend, as well as the amount of any special dividend which may be declared, will be based on the Company's financial position, earnings, earnings outlook, capital spending plans and other relevant factors at that time.

Diamond Offshore Drilling, Inc. 
Director, Investor Relations 
Les Van Dyke, 281-492-5370

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Tags: business   contract   diamond   dividend   dividends   earnings   exploration   market   nyse   offshore drilling   oil and gas   policy   regulations   sec  

Companies: Diamond Offshore Drilling, Inc (DO)

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Diamond Offshore Drilling (DO) NewsBite - Higher Oil Boosts DO - Zibb.com

Oct 12, 2009 (Fresh Brewed Media via COMTEX) --

Diamond Offshore Drilling (NYSE: DO) opened at $101.70. So far today, the stock has hit a low of $101.17 and a high of $103.01. DO is now trading at $102.13, up $2.02 (2.02%). Over the last 52 weeks the stock has ranged from a low of $53.30 to a high of $101.40. DO shares are rising with other oil stocks today, helped by higher oil futures. Technical indicators for the stock are bullish and S&P gives DO a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DO the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 90 range.

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Tags: futures   nyse   oil   S&P  

Companies: Diamond Offshore Drilling, Inc (DO)

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Diamond Offshore Drilling Up 13.1% Since SmarTrend's Buy Recommendation - Zibb.com

Oct 15, 2009 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend, our proprietary pattern recognition system, called an Uptrend for Diamond Offshore Drilling (NYSE:DO) on August 24, 2009 at $91.21.

Since then, Diamond Offshore Drilling has returned 13.1% as of today's recent price of $103.16. Want to profit from these alerts?

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Tags: diamond   market   nyse   offshore drilling   profit   securities   trial  

Companies: Diamond Offshore Drilling, Inc (DO)

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Apache, Diamond Offshore Drilling, Reach New 52 Week Highs - Zibb.com

Oct 07, 2009 (MarketNewsVideo.com via COMTEX) --

Shares of Apache Corporation (APA) touched a new 52 week high of 97 dollars and 49 cents per share Wednesday morning. That's a 91% climb off of the 52 week low of just above 51 dollars per share set in March. This week Apache announced it received approval from Argentina's government, to supply 50 million cubic feet of natural gas per day from two fields in Argentina. The price per MMBtu will be 5 dollars. In Wednesday afternoon trading, Apache shares had retreated off of the new high, and were up 2 cents per share on the day.

Diamond Offshore Drilling (DO) shares also reached a new 52 week high Wednesday, of 98 dollars and 12 cents. Shares have gained about 84 percent from the March low of 53 dollars and 30 cents. This week the company reported the pricing of 500 million dollars of senior notes due in October 2039. The notes were priced at about 99.34 percent of par, and bear interest at 5.7%. In afternoon trading, shares were changing hands at 97 and three quarters, up about 8 tenths of one percent on the day.

http://www.marketnewsvideo.com/

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Tags: argentina   diamond   government   natural gas   offshore drilling   video  

Companies: Apache Corp. (APA), Diamond Offshore Drilling, Inc (DO)

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