When SDRL declared the 1st quarter dividend would be moved to this year the stock went down by $1.70, had the company called the dividend a special dividend the stock would probably have gone up $2.00. This company adds value by spining off IPOs and retaining 75% of the new company. Then the company returns the money to shareholders by the way of huge dividends, what more could an investor ask for? The company is worth $50 now and would still have a 6.8% yield. When the value of the IPOs are fully realized SDRL at $100.00 would still have a 3.4% yield. If you can only own one stock this is it and until the world stops using oil it will remain the one to own.