Seadrill does not necessarily establish consistent pay dates for dividends and plans dividends based on a variety of factors, as Seadrill explains. Investors are eligible for receiving a dividend if they hold shares at least one day prior to the ex-dividend date if a dividend was announced.
Seadrill's goal of creating value for investors includes ongoing dividend payments, as Seadrill states. Current investment opportunities available, current company spending levels, projected earnings and market prospects are considered when determining the size of dividend payments. Seadrill does not have a dividend reinvestment plan, and a dividend history for the company is available at Seadrill's website. A financial calendar available on Seadrill's website provides more information about when upcoming financial statements are posted for investors. The company website also offers annual reports, quarterly statements and online streaming of conference calls open to the public.
In November 2014, Seadrill temporarily suspended dividend payments until further notice, as The Street reports. Seadrill likely lost substantial revenue with the decline in global oil prices occurring during 2014 and suspended dividends until revenues strengthen. Seadrill owns offshore oil drill rigs and benefits whenever oil prices are high, the supply of oil rig ships is limited, or older ships are replaced.