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Common Stock Cash Dividends

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Locate a company that has reduced or eliminated its common stock cash dividend over the past year.
- Why did the company reduce or eliminate its dividend?
- What has happened to the company's stock price over the year?

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Solution Summary

Screenshots of information about a company that has reduced or eliminated its common stock cash dividend over the past year are provided. References supporting why it eliminated its dividend are provided. The questions have been answered in 185 words.

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Seadrill (ticker symbol: SDRL) is a company that eliminated its common stock cash dividend within the past year. Seadrill is a company that provides contractor services for offshore drilling to the oil and gas industry worldwide. On November 27, 2014, OPEC (Organization of the Petroleum Exporting Countries) announced that it would not ...

Solution provided by:
J Pye, MSc
Education
  • MSc, California State Polytechnic University, Pomona
  • MBA, University of California, Riverside
  • BSc, California State Polytechnic University, Pomona
  • BSc, California State Polytechnic University, Pomona
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