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	<title>Stock Blog Hub &#187; Diamond Offshore Drilling</title>
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		<title>(DO) Diamond Offshore Drilling: Another Special Dividend</title>
		<link>http://www.stockbloghub.com/2009/08/19/diamond-offshore-drilling-another-special-dividend/12673</link>
		<comments>http://www.stockbloghub.com/2009/08/19/diamond-offshore-drilling-another-special-dividend/12673#comments</comments>
		<pubDate>Wed, 19 Aug 2009 22:35:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling]]></category>
		<category><![CDATA[DO]]></category>

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		<description><![CDATA[Houston-based Diamond Offshore Drilling, Inc. (DO) has meticulously remained committed to returning excess cash to shareholders through special dividends. Since the beginning of 2006, in addition to its regular dividend the company has regularly been paying a special dividend. For the second quarter of 2009, Diamond declared a regular dividend of $0.125 and the 8th consecutive quarter of a special dividend of $1.875. The total dividend offered in the period was $2.00 per share. Diamond Offshore is a major contract driller, providing comprehensive offshore drilling services to the global energy industry. The company is leveraged to the global deepwater markets through its fleet of high-specification and mid-water depth equipment. The company&#8217;s solid contract backlog and deepwater orientation offer a very high level of earnings and cash flow visibility. While Diamond’s ]]></description>
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