North Atlantic Drilling Ltd. Plans Quarterly Dividend of $0.24 (NADL)
North Atlantic Drilling (NASDAQ:NADL) announced a quarterly dividend on Tuesday, September 2nd, American Banking News reports. Stockholders of record on Monday, September 8th will be paid a dividend of 0.24 per share on Thursday, September 18th. This represents a $0.96 annualized dividend and a dividend yield of 9.04%. The ex-dividend date is Thursday, September 4th.
On the ratings front, analysts at Goldman Sachs initiated coverage on shares of North Atlantic Drilling in a research note on Monday, August 18th. They set a “neutral” rating and a $10.00 price target on the stock.
Shares of North Atlantic Drilling (NASDAQ:NADL) traded down 3.10% during mid-day trading on Tuesday, hitting $10.62. The stock had a trading volume of 817,870 shares. North Atlantic Drilling has a one year low of $8.00 and a one year high of $11.50. The stock has a 50-day moving average of $10.0 and a 200-day moving average of $9.46. The company has a market cap of $2.561 billion and a P/E ratio of 13.19.
North Atlantic Drilling (NASDAQ:NADL) last released its earnings data on Wednesday, August 27th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.04. The company had revenue of $342.60 million for the quarter, compared to the consensus estimate of $300.75 million. Analysts expect that North Atlantic Drilling will post $1.03 EPS for the current fiscal year.
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