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Thursday, February 24, 2011

Seadrill (SDRL) Increases Quarterly Dividend to $0.675; Yields 7.3%; Declares Special $0.20 Dividend

Seadrill (Nasdaq: SDRL) has declared a quarterly dividend of $0.675 per common share, $2.70 annualized. The dividend is a 44.4% increase from the current rate of $0.4675.

Yield on the dividend is 7.3%.

The Board also declared a special dividend of $0.20 per share.

Yield on the special dividend is 0.5%.

Disclosure I am Long SDRL shares. 

1 comment:

  1. Excellent post on Seadrill. The yield on the stock is really good cannot beat 7.00% thats for sure