GulfMark Offshore, Inc. (NYSE:GLF)

CAPS Rating: 5 out of 5

The Company and its subsidiaries, provides offshore marine services primarily to companies involved in offshore exploration and production of oil and natural gas.

Recs

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Player Avatar blesto (32.17) Submitted: 11/7/2012 11:59:39 PM : Outperform Start Price: $29.05 GLF Score: +17.94

http://wiki.fool.com/The_Graham_Number
Formula: Fair value=Sqrt(22.5*EPS*BV) I expanded it a little by also using EPS Normalized and Tangible BV
My current Graham Number Valuation Range for GLF: $39.11 to 39.77

Member Avatar blesto (32.17) Submitted: 12/21/2012 6:54:55 PM
Recs: 0

Well guess what?
GulfMark has commenced a dividend. Starting with a... well, read it for yourself. ;-)

http://phx.corporate-ir.net/phoenix.zhtml?c=112293&p=irol-newsArticle_Print&ID=1766408&highlight=
GulfMark Offshore Announces Annual Cash Dividend of $1.00 Per Share in 2012, Quarterly Dividend of $0.25 in 2013 and Stock Repurchase Program

HOUSTON, Dec. 11, 2012 (GLOBE NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE:GLF) ("GulfMark") announced that today its Board of Directors declared an annual cash dividend on GulfMark Class A common stock of $1.00 per share payable on December 31, 2012, to stockholders of record on the close of business on December 21, 2012. The dividend will be paid before the end of the calendar year to take advantage of the current tax rate for 2012. The total dividend payout for 2012 is estimated to be $26,936,443. Commencing in 2013, GulfMark will pay a recurring quarterly cash dividend of $0.25 per share.

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