Ocean Rig UDW (ORIG) Declares $0.19 Quarterly Dividend; 5.7% Yield

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Go back to Ocean Rig UDW (ORIG) Declares $0.19 Quarterly Dividend; 5.7% Yield

Ocean Rig UDW (ORIG) Updates on Operations; Declares Dividend

October 20, 2014 9:38 AM EDT

Ocean Rig UDW (Nasdaq: ORIG) announced the following:

The Company has agreed to lend its parent company, DryShips Inc. (Nasdaq: DRYS), up to $120m of immediate liquidity through a short-term unsecured loan. The proceeds will be used, if needed, to repay Dryship's 5% Convertible Notes maturing in Dec. 1, 2014.The Company has declared its third consecutive quarterly cash dividend with respect to the quarter ended September 30, 2014, of $0.19 per common share, to shareholders of record as of October 31, 2014, and payable on or about November 11, 2014.Ocean... More