Noble Corp (NE) Lowers Quarterly Dividend 86.7% to $0.02; 0.7% Yield

Go back to Noble Corp (NE) Lowers Quarterly Dividend 86.7% to $0.02; 0.7% Yield

Noble Corporation plc Announces Adjusted Dividend

April 22, 2016 11:04 AM EDT

LONDON, April 22, 2016 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today announced a decision by its Board of Directors to adjust the Company's dividend and declare a quarterly dividend of $0.02 per share.

Addressing the Board's decision to adjust the dividend, David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation plc, said, "Noble continues to implement strategic adjustments that further reinforce our sound position as we guide the Company through this historic downturn.  This action fortifies our robust liquidity, which stood at $2.7 billion at March 31, 2016.  We are confident... More