Seadrill Stock To Go Ex-dividend Tuesday (SDRL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- The ex-dividend date for Seadrill (NYSE: SDRL) is Tuesday, September 4, 2012. Owners of shares as of market close today will be eligible for a dividend of 84 cents per share. At a price of $41.19 as of 9:30 a.m. ET, the dividend yield is 8.2%.

The average volume for Seadrill has been 2.6 million shares per day over the past 30 days. Seadrill has a market cap of $19.21 billion and is part of the basic materials sector and energy industry. Shares are up 23.7% year to date as of the close of trading on Thursday.

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. Its services include drilling, completion, and maintenance of offshore wells; production drilling and well maintenance; and well services. The company has a P/E ratio of 13.9, below the average energy industry P/E ratio of 20.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Seadrill as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Seadrill Ratings Report.

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