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Noble Corp. initiates dividend

Offshore drilling operator Noble Corp.
NE,
+2.56%
said Tuesday its board has declared an interim dividend of 30 cents a share, payable on Sept. 14 to shareholders of record at close of business on Aug. 17. Noble said it intends to pay quarterly dividends going forward. “We are pleased to initiate a regular quarterly dividend to complement our ongoing share repurchase activities,” Chief Executive Robert W. Eifler said in a statement. Shares of Noble edged higher in the aftermarket Tuesday after ending the regular trading day up 2.6%.

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This article was written by Follow Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He...