Investors prospecting for yields might want to drill into SeaDrill (SDRL -3.3%), where they’ll...

|By:, SA News Editor

Investors prospecting for yields might want to drill into SeaDrill (SDRL -3.3%), where they’ll find a 9.9% dividend yield. HSBC thinks that’s appealing, as it upgrades shares to Overweight from Neutral due to a sound fundamental backdrop and equity market weakness; the firm also notes structural growth in the subsea installation market.