Nabors Industries says to start paying dividend
Feb 27 (Reuters) - Nabors Industries Ltd, the owner of the world's largest onshore drilling rig fleet, said it would start paying quarterly dividends, a month after a top shareholder raised concerns about the underperformance of its stock.
The company said it would pay a dividend of 4 cents per share on March 28 to shareholders of record as on March 11.
Bermuda-based Nabors has been under pressure since its largest shareholder, Pamplona Capital Management, said in January it was concerned about the underperformance of the company's shares.
Pamplona, which owns 9.3 percent of the company, is backed by Russian billionaire Mikhail Fridman's Alfa Group.
- California passes 'yes-means-yes' campus sexual assault bill
- IBM launches Watson system for research, hopes for breakthroughs
- Separatists say will allow 'trapped' Ukrainian forces to withdraw |
- In town halls, U.S. lawmakers hear voter anger over illegal migrants |
- U.N. says 43 Golan peacekeepers seized by Syria militants, 81 trapped