We have since our first-quarter report secured contracts and commitments totaling some $7.6 billion bringing our order backlog to a record high level of $20.3 billion. This reflects a very modern drilling fleet, strong operational track record, excellent customer relationship and the strong demand for offshore drilling services.We’ve resolved to pay a cash dividend of $0.84 per share, up from $0.82 in the last quarter. This increase in dividend reflects our strong operational performance, our record high order backlog, the positive market outlook in the drilling industry and the strong support we received from the financing markets. Based on all the above, we are of the firm belief that the dividend level is sustainable in the long term.
Seadrill's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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