Rowan Companies is a provider of offshore contract drilling services to the oil and gas industry. Co.'s fleet consists of self-elevating jack-up rigs and ultra-deepwater drillships. Through a joint venture, Co. also owns several self-elevating jack-up rigs. Co.'s fleet operates worldwide, including the U.S. Gulf of Mexico, the U.K. and Norwegian sectors of the North Sea, the Middle East and Trinidad. Co.'s ultra-deepwater drillships are self-propelled vessels equipped with computer-controlled dynamic-positioning systems, which allow them to maintain position without anchors using their onboard propulsion and station-keeping systems. The RDC stock yearly return is shown above.
The yearly return on the RDC stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2019 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the RDC annual return calculation with any dividends reinvested as applicable (on ex-dates).
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