Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

Memorial Day Sale: Dividend.com Premium Price Slashed — Redeem Now

Dividend logo

If we travel backward in time looking for some of the best dividend plays around; we come to a unique spot in the oil patch a few years back. No, not the various E&P firms or even the master limited partnerships (MLPs). The biggest dividends around belonged to the deepwater drillers.

Stocks like Transocean (RIG ), SeaDrill (SDRL ) and others offered big dividends and tantalizing yields, in some cases more than 7%. However, the key word in that sentence is “offered” as in the past tense.

Since the collapse in energy prices, the deepwater drillers have suffered, and those juicy payouts went the way of the dodo. Some of the firms even experienced bankruptcies, asset sales and bailouts to stay afloat.

But with oil prices rising, some investors may be getting the feeling that the deepwater drillers could regain their former dividend glory. But don’t be fooled; we still have a long way to go before stocks like RIG or Noble (NE ) become dividend champions again.

To read the Full Story, Go Premium or Log In

Popular Articles

News

Bank of America Leads 175 Stocks Going Ex-Dividend This Week

There are 175 stocks going ex-dividend this week starting Monday, May 29. For income investors...

News

PepsiCo Increases Dividend by 7%

Each day, companies across the globe announce upcoming dividend payouts. In our Dividend Payout...

Premium Shutterstock 472583920
News

The Market Glance for May 29: Nonfarm Payrolls Headline Memorial Day Week

Investors are celebrating the unofficial kickoff of summer this week, a period normally...