Exploring BW Offshore's Upcoming Dividend Distributions

Author: Logan Wright Updated: 02-27-2025 01:50 AM

Overview of BW Offshore's Cash Dividend 2024

In a recent update, BW Offshore Limited has provided important information regarding its cash dividend for the last quarter of 2024. This announcement follows the company's Q4 2024 Presentation, highlighting the company's commitment to returning value to shareholders.

Details of the Dividend

The cash dividend amount per share is set at USD 0.14, declared in USD currency. This flexible dividend structure reflects BW Offshore's ongoing performance and profitable operations as it navigates the dynamic offshore energy sector.

Timeline for Dividend Approval and Payment

The process leading to the actual payment involves several key dates. Approval for the dividend will take place on 26 February 2025. Following this, shareholders should note that the last day to purchase shares with this dividend entitlement is 28 February 2025. The ex-dividend date will be 3 March 2025, and the official record date is set for 4 March 2025. Shareholders can expect the dividend payment, along with the delivery of Dividend Shares, to occur around 11 March 2025.

About BW Offshore Limited

BW Offshore stands at the forefront of the offshore energy landscape, specializing in innovative floating production solutions. With an established fleet of three Floating Production Storage and Offloading units (FPSOs), the company is poised for growth. Leveraging nearly forty years of experience in offshore operations, BW Offshore is dedicated to delivering tailored energy solutions that meet the demands of evolving global markets.

Commitment to Growth and Development

BW Offshore's ambition extends beyond its existing fleet. The company continuously seeks to expand its capabilities and services, focusing on sustainability and operational excellence. Currently, BW Offshore employs approximately 1,100 staff members, showcasing its scale and dedication to the offshore sector. This active engagement not only helps the company maintain a competitive edge but also enhances its ability to innovate within the industry.

Investor Communication and Transparency

As part of its corporate governance, BW Offshore prioritizes transparency and compliance with regulatory obligations. The information provided here adheres to the specifications set out under Section 5-12 of the Norwegian Securities Trading Act, ensuring that all necessary disclosures are fulfilled for shareholders and potential investors alike.

Frequently Asked Questions

What is the amount of the cash dividend declared by BW Offshore?

The cash dividend amount is USD 0.14 per share.

When will the dividend be approved?

The dividend approval date is set for 26 February 2025.

What are the key dates related to the dividend payment?

Key dates include the last inclusive day on 28 February 2025, the ex-date on 3 March 2025, and the record date on 4 March 2025.

What does BW Offshore's fleet consist of?

BW Offshore has a fleet of three Floating Production Storage and Offloading units (FPSOs).

How many employees does BW Offshore have?

The company employs around 1,100 people, highlighting its scale and operational capabilities.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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