Carl Icahn Still Holds Nearly 6% of Transocean, Reveals New Dividend Vote Coming

Published on November 12, 2013 at 9:38 am by Jake Mann in Hedge Funds,News

In a newly amended 13D filing with the SEC this morning, Carl Icahn disclosed maintaining a 5.96% stake in Transocean LTD (NYSE:RIG). The real purpose of the filing is to report that Transocean shareholders will have the right to vote for a $3/share dividend in a meeting next year. The energy company currently pays dividends of $2.24/share, and nixed Icahn’s $4/share proposal earlier this year. If shareholders do vote for an increased dividend, it would cost Transocean approximately $1.1 billion.

Carl Icahn as viking

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.

We may use your email to send marketing emails about our services. Click here to read our privacy policy.