W&T Offshore announces special cash dividend of 32c per share W&T Offshore announced that its Board of Directors declared a special cash dividend of 32c per share, payable to the holders of the corporation's common shares. The special dividend will be payable on December 28 to shareholders of record on December 24. This is the second special cash dividend declared for 2012 and brings the total cash dividends declared for 2012 to $1.11 per share, an increase of 32c per share over the 79c per share declared and paid in 2011.
W&T Offshore downgraded to Equalweight from Overweight at Capital One Capital One downgraded W&T Offshore to reflect lower oil, gas, and NGL price deck forecasts and saidEV/EBITDA and net debt/EBITDA multiples are elevated. Price target is $6.