Rowan Companies, Inc. (NYSE:RDC) announced today that its Board of
Directors has declared a cash dividend of 10¢
per share of Common Stock payable on November 30, 2007 to shareholders
of record on November 14, 2007.
Rowan Companies, Inc. is a major provider of international and domestic
offshore contract drilling services. The Company also owns and operates
a manufacturing division that produces equipment for the drilling,
mining and timber industries. The Company’s
stock is traded on the New York Stock Exchange. Common Stock trading
symbol: RDC.
This report contains forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including, without
limitation, statements as to the expectations, beliefs and future
expected financial performance of the Company that are based on current
expectations and are subject to certain risks, trends and uncertainties
that could cause actual results to differ materially from those
projected by the Company. Among the factors that could cause
actual results to differ materially include oil and natural gas prices,
the level of offshore expenditures by energy companies, energy demand,
the general economy, including inflation, weather conditions in the
Company’s principal operating areas and
environmental and other laws and regulations. Other relevant
factors have been disclosed in the Company’s
filings with the U. S. Securities and Exchange Commission.
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