Dividends4Life: Diamond Offshore: The Stock With Unsurprising Surprise Dividends

The hunt for yield has taken investors into the furthest reaches of the market. A few years ago, nobody had ever heard of preferred stocks. Now they are all the rage. Business development companies (BDCs) were mysterious investments, and now capture the imaginations of high-yield investors. Unit royalty trusts sounded like exotic vehicles, but are now regarded as portfolio income mainstays.

Another game some companies play is the “special dividend.” Special dividends are one-time payments typically used to reward shareholders with excess, extraordinary cash — money garnered from asset sales or boffo quarterly profits. We saw many of these last year, as companies rushed to push out extra distributions before the dividend tax rate went up in 2014. One such company exists in a sector I love — energy. Oil is a fixture of the human experience, so well-run energy companies are always attractive plays to me: Diamond Offshore Drilling (DO)

Source: InvestorPlace

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