Dividend Stocks To Buy #4 — Noble (NE)
NE Dividend Yield: 4.8%
For investors looking to have it all when it comes to deepwater dividend stocks, Noble (NE) could be the ticket. The firm currently has two ultra-deepwater rigs and four jackup drilling rigs currently under construction. Those rigs will help NE shift its total revenues more towards the more lucrative deepwater market.
Already, NE continues see rising profits from its efforts. For the latest reported quarter, day rates at Noble averaged $212,000. That’s versus just $194,600 in the third quarter of 2013.
However, Noble is taking it a step further.
NE is planning on splitting itself into two companies through a tax-free spinoff and IPO of its standard-specification fleet as a new, stand-alone company. That means that NE stock will be 100% pure play on deepwater space.
In the meantime, NE stock is turning into one heck of dividend payer.
Management recently announced a hefty 50% hike in its quarterly dividend to 37.5 cents per share of NE stock. And with a 4.8% dividend yield, NE stock is now one of the best-paying dividend stocks in the energy sector.