Downtime Sinks Transocean


Offshore drilling rig owner Transocean recently reported lower than expected earnings as rig downtime hit the bottom line. To top it off, activist investor Carl Icahn is trying to squeeze a $4.00 per share annual dividend out of the company, which management thinks is far too aggressive. The Motley Fool's Lauren Kuczala sat down with contributor Travis Hoium to discuss whether results will pick up, and if investors can expect a big dividend going forward.

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Lauren Kuczala has no position in any stocks mentioned. Motley Fool contributor Travis Hoium manages an account that owns shares of Seadrill. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill and Transocean. 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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Originally published