Top 3 Dividend Paying Stocks: SDRL, PBI, AFL
By:NewsyStocks   Thursday, July 14, 2021 10:52 AM

Seadrill Limited (Nasdaq: SDRL) is a Bermuda-based company active within the oil and gas industry. It provides offshore oil and gas drilling services. The company operates a versatile fleet of 60 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments. The company has a $16.5 billion market capitalization and yields a juicy 8.60 percent dividend. Although the company had $971 million in cash as of March 31, 2011, it has a long term debt of $9.2 billion which is the biggest concern of this high yielding company. The dividend growth history of this company is impressive. It grew its dividend to $0.75 a share on June 6, 2011, from $0.675 a share paid on March 2, 2011, representing an 11 percent increase. The company also paid an extraordinary cash dividend of $0.20 per share in the fourth 2010 reflecting its strong business performance. SDRL last traded at $35.03, up 2.07 percent' on July 13, 2011.

Pitney Bowes Inc. (NYSE: PBI) is a provider of mail processing equipment and integrated mail solutions. The company offers a range of equipment, supplies, software, services and end-to-end solutions, which enable its customers to manage and integrate physical and digital communication channels. The company has a $4.55 billion market capitalization and yields a 6.60 percent dividend. Although the company had $484 million in cash as of December 31, 2011, it has a long term debt of $4.2 billion which is a matter of concern for this high yielding company. The dividend growth history of this company is impressive. It grew its dividend by $0.01 per share for the quarter ended March 2011 to $0.37 a share from $0.36 a share. For FY 2010, the company paid an annual dividend of $1.46 a share, compared with annualized dividend of $1.44 in the previous years. PBI last traded at $22.34, down 0.09 percent on Wednesday.

AFLAC Inc. (NYSE: AFL) is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services. Its principal business is supplemental health and life insurance, through its subsidiary, American Family Life Assurance Company of Columbus (Aflac), which operates in the United States (Aflac U.S.) and as a branch in Japan (Aflac Japan). The company has a $21.21 billion market capitalization and yields a 2.70 percent dividend. The company had $2.1 billion in cash as of December 31, 2011, it has a long term debt of $3 billion which is fine for a company with a high cash balance. The dividend growth history of this company is impressive. In the last 4 years, the company has increased its annualized dividend to $1.14 per share in FY 2010, up 42.5 percent, compared with a dividend of $0.80 a share paid in FY 2007. AFL traded at $45.35, gaining 0.64 percent on Wednesday.


 

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