Equinor ASA Announces Dividend for First Quarter 2024
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Equinor ASA Declare Cash Dividend for First Quarter 2024
Equinor ASA (OSE: EQNR, NYSE: EQNR) has announced a cash dividend per share for the first quarter of 2024. This announcement includes both an ordinary cash dividend and an extraordinary cash dividend, each amounting to USD 0.35. The total cash dividend declared for this period is therefore USD 0.70 per share.
NOK Cash Dividend Calculation
The NOK cash dividend per share is determined based on the average USD to NOK fixing rate from Norges Bank. This calculation includes the average rate for a specific period around the record date. The record date is established as three business days before and includes three business days after that date, totaling seven business days for accurate determination.
Average Fixing Rate Analysis
During this applicable period, the average fixing rate from Norges Bank was recorded at 10.6204. This figure plays a crucial role in converting the USD cash dividend into NOK, resulting in a calculated cash dividend of NOK 7.4343 per share for the first quarter of 2024.
Payment Details for Shareholders
The cash dividends are scheduled to be paid on a specific date to eligible shareholders. Shareholders on Oslo Børs (Oslo Stock Exchange) and holders of American Depositary Receipts (ADRs) listed on the New York Stock Exchange can expect to receive their respective dividends on a designated date, ensuring that all relevant parties benefit from this distribution.
Compliance with Regulatory Requirements
This announcement and the subsequent payment of dividends are conducted in compliance with the requirements of the Continuing Obligations. Furthermore, it adheres to the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act. This regulatory framework is crucial for maintaining transparency and providing shareholders with essential financial information.
Equinor ASA's Commitment to Shareholders
Equinor ASA is committed to delivering value to its shareholders through regular dividend payments. By announcing these dividends, the company reaffirms its financial stability and dedication to returning capital to its investors. These dividends are part of Equinor's ongoing strategy to maintain a steady income stream for its shareholders.
Future Prospects and Investor Confidence
Looking ahead, Equinor ASA's approach to dividend allocations reflects an overall positive outlook for the company's financial performance. Investors can be assured that the company strives to maximize shareholder value even in fluctuating market conditions. This consistent approach fosters greater investor confidence and encourages long-term investment in the company's future endeavors.
Frequently Asked Questions
What is the total cash dividend declared by Equinor ASA for Q1 2024?
The total cash dividend declared by Equinor ASA for the first quarter of 2024 is USD 0.70 per share.
When will the cash dividends be paid to shareholders?
The cash dividends are scheduled to be paid on a specific date set for eligible shareholders, including those on Oslo Børs and ADR holders.
How is the NOK cash dividend per share calculated?
The NOK cash dividend per share is calculated using the average USD to NOK fixing rate from Norges Bank during a designated period around the record date.
What is the average fixing rate for the relevant period?
The average fixing rate for the relevant period was recorded at 10.6204.
How does Equinor ASA demonstrate commitment to shareholders?
Equinor ASA demonstrates its commitment to shareholders through regular dividend payments and a focus on maximizing shareholder value.
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