Transocean (RIG) seeks to cancel two dividend payments

• Transocean to propose cancellation of third and fourth installments of dividend; Co was previously paying a $0.15/quarter dividend 
• Div/yield 0.15/4.91

Transocean Ltd. is seeking to cancel the third and fourth installments of its dollar-denominated dividend this year, which the company had already approved in May.

Shares dropped 12% to $10.75 in after-hours trading. Through Tuesday's close, they had fallen 67% in the past 12 months.

The offshore driller said in February that it planned four installments of 15 cents each, which represented an 80% reduction from the previous payout rate, citing its "cyclical and capital-intensive industry."

Transocean said Tuesday that it will seek shareholder approval of the cancellation at an Oct. 29 meeting.

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER)

• dividend yield of 11.94%

Goldman Sachs MLP and Energy Renassnc Fd (NYSE:GER) announced a quarterly dividend on Tuesday, August 4th, Marketbeat.com reports. Investors of record on Tuesday, August 18th will be paid a dividend of 0.335 per share by the investment management company on Tuesday, August 25th. This represents a $1.34 annualized dividend and a dividend yield of 11.94%. The ex-dividend date of this dividend is Friday, August 14th.

5 weeks later

Monsanto (MON) increases quarterly dividend to $0.54/share

• Monsanto increases quarterly dividend to $0.54/share from $0.49/share
• Previously Div/yield 0.49/1.91

American International Group (AIG) increases quarterly dividend to $0.28/share

• American Intl announces its Board authorizes the additional repurchase of up to $5 bln in common stock; increases quarterly dividend to $0.28/share from $0.125/share
• Div/yield 0.12/0.78

Scotts Miracle-Gro (SMG) increases its quarterly dividend to $0.47/share

Scotts Miracle-Gro increases its quarterly dividend by 4%, to $0.47/share from $0.45/share