Transocean Partners LLC Announces Quarterly Distribution
OREANDA-NEWS. Transocean Partners LLC (NYSE: RIGP) today announced that the Board of Directors (the "Board") declared the minimum quarterly distribution for the three months ending December 31, 2015. The distribution is $0.3625 per unit, or approximately $25 million based upon the number of currently outstanding units. The distribution schedule is as follows:
February 18, 2016 - Ex-Dividend Date
February 22, 2016 - Record Date
February 25, 2016 - Payment Date
Transocean Partners is a growth-oriented limited liability company formed by Transocean Ltd. to own, operate and acquire modern, technologically advanced offshore drilling rigs. Headquartered in London, Transocean Partners' assets consist of 51 percent interests in subsidiary companies that own and operate three ultra-deepwater drilling rigs.