HOUSTON, May 9, 2017 /PRNewswire/ -- Parker Drilling
Company (NYSE:PKD) today announced that its Board of Directors
declared a cash dividend of $2.4771
per share on its 7.25% Series A Mandatory Convertible Preferred
Stock, payable on June 30, 2017, to
holders of record at the close of business on June 15, 2017. The dividend is for the
period beginning on February 27,
2017, and ending on June 30,
2017.
Company Description
Parker Drilling provides drilling
services and rental tools to the energy industry. The Company's
Drilling Services business serves operators in the inland waters of
the U.S. Gulf of Mexico utilizing
Parker Drilling's barge rig fleet
and in select U.S. and international markets and harsh-environment
regions utilizing Parker-owned and customer-owned equipment. The
Company's Rental Tools Services business supplies premium equipment
and well services to operators on land and offshore in the U.S. and
international markets. More information about Parker Drilling can be found on the Company's
website at www.parkerdrilling.com.
Contact: Jason Geach, Vice
President, Investor Relations & Corporate Development, (+1)
(281) 406-2310, jason.geach@parkerdrilling.com.
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SOURCE Parker Drilling Company