During the quarter, we purchased 400,000 shares of our common stock at a cost of about $19.4 million. And as announced in April, we increased our regular quarterly cash dividend to $0.18 from $0.15 a share. These actions underscore our confidence in Oceaneering's financial strength and future business prospects.For 2012, we anticipate generating at least $565 million of EBITDA. Our balance sheet and projected cash flow provide us ample resources to invest in Oceaneering's growth, and we intend to do so.
Oceaneering International Management Discusses Q2 2012 Results - Earnings Call Transcript
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