Diamond Offshore Drilling, Inc. (NYSE:DO)
CAPS Rating:
The Company provides contract drilling services to the energy industry around the globe and deals in deepwater drilling.
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The Company provides contract drilling services to the energy industry around the globe and deals in deepwater drilling.
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Why do all investment sites (including TMF) show only Diamond Offshore's (DO) "Regular" Dividends, with no note about the "Special" dividends that are consistently paid (for at least 3 years, as far back as I could find info)? 2011's "Specials" were 4 at $0.75 each. "Regulars" were 4 at $0.125 each. That's a yield of 5.93% based on today's price, not 0.85% !!
But ... BUT, BUT
S&P awards it a humble 3 of 5 stars, with a $77.00 price target (12 mo), up 30% from today. Reuters does give it 8 out of 10, but with an even humbler target of $68.50 (=16.0%).
Obviously I'm losing my butt on DO, but it's in my IRA and I can't use the capital loss. Still, I think DO might surprise the analysts and outperform the S&P during the next 12 months. And it will pay a fairly nice dividend too.
Dave