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Seadrill (NASDAQ:SDRL) declared a quarterly dividend on Tuesday, February 25th, American Banking and Market News reports. Investors of record on Friday, March 7th will be given a dividend of 0.98 per share on Thursday, March 20th. This represents a $3.92 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend is Wednesday, March 5th.

A number of research firms have recently commented on SDRL. Analysts at HSBC upgraded shares of Seadrill from a “neutral” rating to an “overweight” rating in a research note on Friday. On the ratings front, analysts at Wells Fargo & Co. downgraded shares of Seadrill from a “market perform” rating to an “underperform” rating in a research note on Wednesday, February 12th. They now have a $40.00 price target on the stock. Finally, analysts at Swedbank upgraded shares of Seadrill from a “sell” rating to a “neutral” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Seadrill currently has an average rating of “Hold” and an average price target of $44.57.

Shares of Seadrill (NASDAQ:SDRL) traded down 6.10% during mid-day trading on Tuesday, hitting $35.3799. The stock had a trading volume of 2,381,738 shares. Seadrill has a 52 week low of $34.06 and a 52 week high of $48.09. The stock has a 50-day moving average of $37.83 and a 200-day moving average of $42.81. The company has a market cap of $16.597 billion and a P/E ratio of 7.61.

Seadrill (NASDAQ:SDRL) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.12. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.15 billion. Analysts expect that Seadrill will post $2.93 EPS for the current fiscal year.

Seadrill Limited (NASDAQ:SDRL) an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.

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