Transocean Ltd Dividends
The next dividend date for Transocean Ltd has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Transocean Ltd (RIG)
More About Transocean Ltd
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Steinhausen, Switzerland.
Owning Transocean Ltd Stock on the Dividend Date
If you own Transocean Ltd stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Transocean Ltd stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Transocean Ltd stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Transocean Ltd stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Transocean Ltd dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Transocean Ltd Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in Transocean Ltd stock price from the dividend is already baked into Transocean Ltd option prices.
That means the prices of call options that overlap the Transocean Ltd ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Transocean Ltd ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Transocean Ltd call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Transocean Ltd put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Transocean Ltd Dividends
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