As the largest deepwater driller based on market cap and one of the best dividend stocks out there, a lot was riding on Seadrill’s (SDRL) latest earnings report. That was especially true after good quarterly numbers came from rivals Transocean (RIG) and Noble (NBL). Deepwater drilling has been a cash cow for firms like SDRL, RIG and NBL as day rates for the most state of the art deepwater drilling rigs continue to command $600,000.
But unfortunately for investors in SDRL stock, the mixed bag that Seadrill reported hasn’t been too pleasing on the portfolio. Seadrill was already one of the best dividend stocks (with a yield of 8.8%) and boosted its payout … but the market isn’t too happy with the dividend stock’s outlook. However, the short-term pain in SDRL stock could be the one of the best buying opportunities for investors looking for high-yielding stocks. Overall, the dour Seadrill earnings should prove to be temporary as deepwater drilling continues in spades.
Source: InvestorPlace
Related Articles:
- First Quarter 2013: Top And Bottom Performing Dividend Stocks
- A Disciplined Approach To Dividend Stocks
- 6 High-Yield REITs With Growing Dividends
- International Diversification May Be Closer than You Think
- 10 Dividend Stocks With A 10% Yield In 10 Years
One of the Best Dividend Stocks Just Got Even Better
Posted by D4L | Tuesday, December 10, 2013 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
A select group of monthly dividend stocks pays dividends at a rate of 10% or higher. Those are the ones on this list. Investors should be aw...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
How high is too high when it comes to dividend stocks? Of course, every income investor wants as much yield as possible. However, they also ...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
-
While there’s nothing quite as exciting as betting everything on a hot growth enterprise, prudent investors may want to consider the best di...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.