Seadrill declares $0.95/share dividend


Seadrill (SDRL) bumps of its quarterly dividend by $0.04/share to $0.95/share, representing an annual dividend of 8.40%. (PR)

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Comments (22)
  • al roman
    , contributor
    Comments (17152) | Send Message
     
    Brent crude and high tech.
    25 Nov 2013, 06:16 AM Reply Like
  • User 195305
    , contributor
    Comments (20) | Send Message
     
    Doesn't anybody proof-read before . The dividend isn't $0.04 !!!!
    25 Nov 2013, 06:30 AM Reply Like
  • jrw_mdus
    , contributor
    Comments (14) | Send Message
     
    errors in headlines give heart attacks.. If you are going to report, do it right.
    25 Nov 2013, 06:59 AM Reply Like
  • JanVerhoeven
    , contributor
    Comments (51) | Send Message
     
    Is this the reason why the stock is tumbling down with almost 6% in USD?
    25 Nov 2013, 03:55 PM Reply Like
  • rvshaw
    , contributor
    Comments (117) | Send Message
     
    I agree! That headline this morning had me running to the computer.
    25 Nov 2013, 07:55 AM Reply Like
  • al roman
    , contributor
    Comments (17152) | Send Message
     
    i had to change.
    25 Nov 2013, 07:56 AM Reply Like
  • Budavar
    , contributor
    Comments (1407) | Send Message
     
    Here we go again. I repeatedly suggested moderation on div increases, like 1 cent increase by quarter, but JF decrees otherwise.
    But who am I to dare make a suggestion to him who appears more + more live in a self-made bubble, ignoring the warning signs.
    25 Nov 2013, 08:31 AM Reply Like
  • Energysystems
    , contributor
    Comments (2086) | Send Message
     
    Well, JF is a self made multi-billionaire. So I'm betting with him.
    25 Nov 2013, 09:08 AM Reply Like
  • drjorde
    , contributor
    Comments (259) | Send Message
     
    My feelings exactly, he knows how to make money and didn't get there by making poor choices.
    26 Nov 2013, 10:24 AM Reply Like
  • elvislevel
    , contributor
    Comments (840) | Send Message
     
    He got rich like all billionares got rich: Getting people like you to take all the risk and taking a fat cut while things are good.
    27 Nov 2013, 10:29 AM Reply Like
  • Energysystems
    , contributor
    Comments (2086) | Send Message
     
    lol...looks like somebody doesn't realize how folks become billionaires. More millionaires and billionaires have been created through investing in stocks than any other wealth creation in the history of man.
    29 Nov 2013, 11:36 AM Reply Like
  • elvislevel
    , contributor
    Comments (840) | Send Message
     
    If 100mm people start out investing $100K then through random chance alone one will end up with millions of millionares. Billionares are trickier, which is why it pretty much never happens. What does happen a lot are financial wizards "helping" out the rest of us with "shareholder friendly" practices that magically turns out to make them billionares.

     

    Without even knowing about it, everything that I worry might happen to SDRL has already happened to another JF project, Frontline. Crazy dividends (much going to JF, again), lots of borrowing, skyrocketing stock price, then a drop of 95% and no more magic dividends. JF has taken out around $40 a share in dvds after putting up a couple dollars a share, I would guess, if that. This is how to be a billionare. Coming in after the stock is up a factor of 10 and most of the juice has been sucked out does not strike me as smart a play as many proponents seem to think it is.
    1 Dec 2013, 01:40 AM Reply Like
  • pvgoo
    , contributor
    Comments (7) | Send Message
     
    Bud, if you aren't happy, get out.
    Stop whining.
    25 Nov 2013, 08:39 AM Reply Like
  • divdood
    , contributor
    Comments (21) | Send Message
     
    Now that your collective heartbeats have returned to a more normal rate, there better not be any kvetching about this one terrific company and it's ever increasing dividend. Any doubts about $1.00/share next qtr. ?
    25 Nov 2013, 09:00 AM Reply Like
  • elvislevel
    , contributor
    Comments (840) | Send Message
     
    Why not $2 or $3? If the point is to suck the company dry before the market turns and SDRL collapses no point in being shy.
    25 Nov 2013, 09:57 AM Reply Like
  • divdood
    , contributor
    Comments (21) | Send Message
     
    I can't be the only one who sees todays $2 plus price drop as a great buying opportunity...at 95 cents/share divd ,that puts the yield at approx. 8.85%. With the long-term rig-leasing contracts and more rigs under construction, where is the "collapse"? Many companies ( and probably governments) wish their futures looked like SDRL's
    25 Nov 2013, 11:35 AM Reply Like
  • jculley
    , contributor
    Comments (643) | Send Message
     
    The bear case for a collapse is that the money for the dividends runs out before the rigs can be put into service. Also that the Iran deal will push more oil onto the market, driving down prices and making it less viable to explore/drill off shore at current prices.

     

    I am long SDRL, I'm just throwing out possible reasons to be bearish.
    25 Nov 2013, 11:50 AM Reply Like
  • drjorde
    , contributor
    Comments (259) | Send Message
     
    Iran's oil represents only 5% of the world's production. Iran's biggest oil buyers are China, India, South Korea and Japan. I don't see the oil production that SDRL supports by drilling for major oil companies that export to the EU and other continents having a large risk as a result of the recent lifting of sanctions.

     

    I think that their strategy of building more rigs, which will increase their cash flow, is wise and will support the dividends. They have the youngest fleet of drilling rigs and their competition has old and high maintenance rigs. It is cost effective to use SDRL. I guess we will have to wait and see.

     

    In the meantime SDRL is a great income vehicle for my retirement portfolio.
    28 Nov 2013, 10:45 AM Reply Like
  • drjorde
    , contributor
    Comments (259) | Send Message
     
    As long as there is a limited resource, such as oil, there will be companies trying to get it first. That will keep me bullish on COP and SDRL. Has the payable date been disclosed yet?
    25 Nov 2013, 02:42 PM Reply Like
  • Per-Eric
    , contributor
    Comments (2) | Send Message
     
    Dec. 20th
    25 Nov 2013, 06:05 PM Reply Like
  • sweeps63
    , contributor
    Comments (956) | Send Message
     
    ExDiv 12/3 PayDate 12/20 $0.95/share Q3 per Seadrill's website

     

    http://bit.ly/x0JNSA
    25 Nov 2013, 03:36 PM Reply Like
  • drjorde
    , contributor
    Comments (259) | Send Message
     
    Thank you. That is the only place I didn't look.
    25 Nov 2013, 04:24 PM Reply Like
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