Icahn calls on Transocean board to issue $4 Dividend

Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at the next meeting if the board doesn’t act.

Icahn, who holds a 5.61 percent stake in the company, has held talks with Transocean’s management and intends to have further discussions including about the possible addition of new board members, according to a filing today with the U.S. Securities and Exchange Commission.