I Use a Divvy Reinvestment Plan to Buy More Shares of SDRL
I also own shares, and plow the divvies into DRIPs for two more drillers, ESV and RIG . All three pay great dividends, ESV = 4.9%, RIG = 5.4%, and Seadrill = 7.9%. While Seadrill has the highest divvy rate payout, both ESV and RIG have performed much better at pps appreciation.
It sure beats putting your money in a bank savings account at two tenths of a percent interest. That's hard to believe, two tenths of a percent interest annually.