11-26-2014, 09:44 AM
(This post was last modified: 11-26-2014, 10:07 AM by Roadmap2Retire.)
(11-26-2014, 09:25 AM)EricL Wrote:(11-26-2014, 03:56 AM)rapidacid Wrote: SDRL Dividend Completely Cut : Shares Down 17%
WOW!
I've been beating the drum on avoiding it due to crashing oil prices and its high debt load. I hope there aren't any significant shareholders around here. I was expecting a 50% cut at worst, which would still be a decent yield, I never expected a complete suspension.
Sorry for those who held.
Dividend cuts are never a good sign. I noticed some DGIs buying up a month ago and it surprised me - even though the fundamentals didnt make sense. I think the yield had climbed past 10% after the fall.