W&T Offshore (WTI) Raises Quarterly Cash Dividend

W&T Offshore, Inc. (NYSE: WTI) announced that its Board of Directors on August 2, 2010 increased the regular cash quarterly dividend to $0.04 per share from $0.03 per share, payable to the holders of the Corporation's common shares. The dividend will be payable on September 10, 2010, to the shareholders of record on August 20, 2010. Tracy W. Krohn, Chairman and Chief Executive Officer, commented, "We are pleased to be able to increase our quarterly dividend and reward our shareholders for their ongoing support. This action reflects our continued confidence in W&T Offshore's ability to continue to generate strong cash flow."... Read more

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