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1 More Reason Investors Should Love Ensco

There are lots of reasons to like rig company Ensco (NYSE: ESV  ) . With a young fleet of ultra-deepwater rigs, a standardized rig design to lower maintenance times, and several new rigs coming online in the next couple years, Ensco probably should, like Seadrill (NYSE: SDRL  ) , be considered a top player in the rig space. 

If Ensco's strategic position in the rig industry isn't enough to convince you, then perhaps the company's recent move to raise its dividend by 50% might. Tune into the video below to find out why Ensco has the best qualities of Seadrill, Transocean (NYSE: RIG  ) , and Diamond Offshore (NYSE: DO  ) in one company and whether it will be able to maintain this hefty 5.5% dividend yield over the long term.  

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  • Report this Comment On November 08, 2013, at 11:03 AM, teddylevy wrote:

    Totally agree, Ensco is a lovely company to buy and hold for years. In fact, I'd even go further when emphasizing sustainability of the increased dividend. A 50% payout ratio vs. the old 33% still provides a large buffer relative to earnings. And the $3/share annual dividend will only become more manageable as more new rigs come online and increasing day rates push net earnings higher.

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Related Tickers

9/28/2016 4:00 PM
ESV $8.15 Up +0.89 +12.26%
Ensco CAPS Rating: *****
DO $17.18 Up +1.17 +7.31%
Diamond Offshore D… CAPS Rating: ***
RIG $10.02 Up +0.60 +6.37%
Transocean CAPS Rating: ****
SDRL $2.31 Up +0.38 +19.69%
Seadrill CAPS Rating: ***