TheUS listed company said shareholders had approved distributions of up to $152m for2015 at its annual general meeting.
“Theapproved proposal provides for cash distributions to commence with an initialpayment expected in the first quarter of 2015,” Pacific Drilling said.
“The subsequent timing, amount and form of thedistributions will be subject to the discretion of the company’s board of directors.”
Last week PacificDrilling reported a strong start to 2014 with a 47% jump in earnings to $22.2mversus
