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SeaDrill Limited Message Board

  • west_gemini west_gemini Nov 26, 2012 10:47 AM Flag

    Seadrill: Dividend $0.85 + $0.85 -$1.70 ex div Dec 4....record date dec 6.....


    Copy that longs???

    The increase reflect Seadrill’s improved financial flexibility and the current strong market as evidenced by recent fixtures. The Board has noticed that a significant part of Seadrill’s U.S. shareholder base may be subject to increased dividend taxation for 2013, pending certain changes in the U.S. tax code. In view of this, the Board has decided to accelerate the dividend payment for the fourth quarter 2012 such that a dividend can be paid out together with the third quarter dividend. This advanced dividend for the fourth quarter 2012 is also set to US$0.85. The total dividend payment due will therefore be US$1,70 per share. The ex. Dividend date has been set to December 4, 2012, record date is December 6, 2012, and payment date is on or about December 21, 2012. In view of the acceleration of the fourth quarter 2012 dividend payment, no additional dividend payment can be expected prior to declaration of a first quarter dividend in 2013.

    Sentiment: Strong Buy

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