Transocean's (RIG) board recommends restarting dividend payments at $2.24/share - not the full...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Transocean's (RIG) board recommends restarting dividend payments at $2.24/share - not the full $4/share Carl Icahn has advocated, but probably enough to satisfy many shareholders while maintaining balance sheet flexibility. RIG also says it will pay down $1B in debt by the end of 2014 in addition to its $1.36B of existing repayment obligations over the next two years. RIG +3.5% premarket.