Seadrill Partners LLC (NASDAQ:SDLP) announced a quarterly dividend on Monday, October 30th, Wall Street Journal reports. Investors of record on Tuesday, November 7th will be paid a dividend of 0.10 per share by the oil and gas company on Tuesday, November 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.44%. The ex-dividend date is Monday, November 6th.

Shares of Seadrill Partners (NASDAQ SDLP) opened at 3.83 on Wednesday. The company has a market capitalization of $351.67 million and a price-to-earnings ratio of 1.40. Seadrill Partners has a 52 week low of $2.61 and a 52 week high of $5.32. The company’s 50 day moving average price is $3.67 and its 200-day moving average price is $3.31.

Seadrill Partners (NASDAQ:SDLP) last released its quarterly earnings data on Thursday, August 24th. The oil and gas company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). Seadrill Partners had a net margin of 6.20% and a return on equity of 3.76%. The business had revenue of $267.90 million during the quarter, compared to analyst estimates of $231.00 million. Analysts anticipate that Seadrill Partners will post $1.28 earnings per share for the current fiscal year.

SDLP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Seadrill Partners from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Tuesday, August 15th. ValuEngine upgraded Seadrill Partners from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Finally, BidaskClub upgraded Seadrill Partners from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd.

WARNING: “Seadrill Partners LLC (SDLP) to Issue Quarterly Dividend of $0.10 on November 14th” was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://theolympiareport.com/2017/11/01/seadrill-partners-llc-sdlp-to-issue-quarterly-dividend-of-0-10-on-november-14th.html.

About Seadrill Partners

Seadrill Partners LLC is an offshore deepwater drilling company. The Company owns, operates and acquires offshore drilling units. The Company’s subsidiaries include Seadrill Operating LP, Seadrill Capricorn Holdings LLC and Seadrill Partners Operating LLC (collectively, OPCO). The Company’s segment is OPCO’s fleet.

Dividend History for Seadrill Partners (NASDAQ:SDLP)

Receive News & Ratings for Seadrill Partners LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill Partners LLC and related companies with Analyst Ratings Network's FREE daily email newsletter.