Seadrill Stock To Go Ex-dividend Tomorrow (SDRL)

NEW YORK (TheStreet) -- The ex-dividend date for Seadrill (NYSE:SDRL) is tomorrow, December 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 76 cents per share. At a price of $35.55 as of 9:30 a.m. ET, the dividend yield is 8.6%.

The average volume for Seadrill has been 2.8 million shares per day over the past 30 days. Seadrill has a market cap of $16.47 billion and is part of the basic materials sector and energy industry. Shares are up 5.7% year to date as of the close of trading on Tuesday.

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industries worldwide. It also offers platform drilling, well intervention, and engineering services. The company has a P/E ratio of 12.9, above the average energy industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Seadrill as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally weak debt management and feeble growth in its earnings per share. You can view the full Seadrill Ratings Report.

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