Dividend Declaration by Okeanis Eco Tankers Corp
Okeanis Eco Tankers Corp. (NYSE: ECO) has recently declared a dividend for its common shares. This announcement has been made by the company's board of directors, marking an important moment for its shareholders. The dividend reflects the company's confidence in its financial health and operational performance, bringing excitement among the investors.
Understanding the Dividend Details
The declared dividend stands at USD 0.35 per common share. This decision is pivotal, especially as it is being announced amidst the implementation of new regulations in Norway regarding central securities depository processes.
Payment Currency Information
While the declared currency for the dividends is USD, it's important to note that dividends distributed to shares registered in the Euronext VPS will be converted and paid in NOK (Norwegian Krone).
Important Dates to Remember
A clear timeline of key dates has been shared with shareholders regarding the dividend:
- Date of Board approval: Currently awaiting confirmation.
- Last day including rights on OSE: All transactions must be completed before this date to be eligible for the dividend.
- Last day including rights on NYSE: Shares on NYSE will be eligible until this date.
- Ex-dividend date OSE: This date indicates when shares will start trading without the entitlement to the declared dividend.
- Ex-dividend date NYSE: Similar to the OSE, shares will also start trading without entitlement to the dividend starting this date.
- Record date: The date by which shareholders must be recorded as owning shares to receive the dividend.
- Payment date: This is the date when the declared dividends are expected to be disbursed to eligible shareholders.
How to Ensure Receipt of Your Dividend
Investors should reach out to their banks, brokers, or financial institutions for any questions or clarifications regarding the mechanics and timing involved in receiving the dividend. Accurate communication with these entities is crucial for receiving the entitled funds.
About Okeanis Eco Tankers
Okeanis Eco Tankers Corp. operates globally in the maritime sector, specializing in the transportation of crude oil and refined products. Established on April 30, 2018, under the laws of the Republic of the Marshall Islands, OET is recognized on various exchanges, prominently listed on the Oslo Børs and NYSE under the symbol ECO. The company boasts a fleet that includes several scrubber-fitted Suezmax and VLCC tankers, reinforcing its commitment to operational excellence and environmental sustainability.
Reach Out for More Information
For further inquiries, shareholders and potential investors can reach out to the company's CFO, Iraklis Sbarounis, at +30 210 480 4200 or via email at ir@okeanisecotankers.com. The doors are open for dialogue, ensuring transparency and clarity for all stakeholders involved.
Frequently Asked Questions
What is the declared dividend amount for Q4 2024?
The declared dividend amount is USD 0.35 per common share.
When will the payments for the dividend be made?
The payment date for the dividend is expected to be on March 17, 2025.
In which currency will the dividends be paid?
The dividends will be paid in USD, although those registered in the Euronext VPS will receive payment in NOK.
What should shareholders do to ensure they receive the dividend?
Shareholders should contact their banks or brokers regarding the mechanics and timing for receiving the dividend.
What does Okeanis Eco Tankers do?
Okeanis Eco Tankers is a leading international tanker company that specializes in the transportation of crude oil and refined products, maintaining a modern and eco-friendly fleet.
