Seadrill Could Cut Its Dividend on Wednesday, Morgan Stanley Says

Seadrill (SDRL) is scheduled to release its financial results on Wednesday–and Morgan Stanley’s Ole Slorer and team think the offshore-drilling giant could use the opportunity to cut its dividend: Reuters Seadrill/North Atlantic Drilling (NADL) could announce dividend cuts this Wed. Both stocks are already trading at elevated yields, with investors appearing to prefer balance sheet flexibility [...]