Parker Drilling Announces September 2017 Mandatory Convertible Preferred Stock Dividend

HOUSTON, Aug. 3, 2017 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today declared a cash dividend of $1.8125 per share on its 7.25% Series A Mandatory Convertible Preferred Stock, payable on September 30, 2017, to holders of record at the close of business on September 15, 2017.  The dividend is for the period beginning on June 30, 2017, and ending on September 29, 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