Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

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NEW YORK (

TheStreet

) -- The ex-dividend date for

Transocean

(NYSE:

RIG

) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 56 cents per share. At a price of $52.73 as of 9:31 a.m. ET, the dividend yield is 4.3%.

The average volume for Transocean has been 3.2 million shares per day over the past 30 days. Transocean has a market cap of $18.76 billion and is part of the basic materials sector and energy industry. Shares are up 16.6% year to date as of the close of trading on Friday.

Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services, as well as logistics services. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Transocean as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full

Transocean Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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