Transocean Stock To Go Ex-dividend Tomorrow (RIG)

NEW YORK ( TheStreet) -- The ex-dividend date for Transocean (NYSE: RIG) is tomorrow, February 22, 2012. Owners of shares as of market close today will be eligible for a dividend of 79 cents per share. At a price of $48.49 as of 9:30 a.m. ET, the dividend yield is 6.2%.

The average volume for Transocean has been eight million shares per day over the past 30 days. Transocean has a market cap of $14.66 billion and is part of the basic materials sector and energy industry. Shares are up 32.3% 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.

TheStreet Ratings rates Transocean as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Transocean Ratings Report.

See our dividend calendar or top-yielding stocks list.

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