Ensco Keeps Dividend Steady

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Offshore drilling services provider Ensco has opted to keep its dividend payout steady at $0.50 this quarter, the company announced this week.

This is the same amount the company has paid since March, after raising it 33% from $0.375 per share. The company has paid a quarterly dividend since 1997, and this latest amount will be payable on Sept. 20 to Ensco stockholders of record as of Sept. 9.

Ensco's annualized dividend adds up to $2.00 per share. As of market close on Aug. 16, the company had a stock price of $56.01, which means its dividend currently yields 3.6%.

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The article Ensco Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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