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re: Seadrill (SDRL) has a yield of 0%.
Posted on 11/13/14 at 11:01 am to TigerTatorTots
Posted on 11/13/14 at 11:01 am to TigerTatorTots
Thanks. So the dividend itself is locked until 2016, or the $1 is?
1
Posted on 11/13/14 at 11:52 am to LSUneaux
The $1.00/quarter is the dividend. The percentage yield varies with whatever the stock price is. When I bought, it was 14.5%. Today, its 19% based upon the lower stock price. The CEO said it is safe into 2016...that doesn't mean it cannot be slashed. Those are the words from the CEO though so I'd feel rather good that will be the case. Like I said, even if it is cut in half, you are still looking at a 9% yield.
This post was edited on 11/13/14 at 11:53 am
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