Okeanis Eco Tankers Corp. Declares Q3 2024 Dividend
Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET) has recently made an important announcement regarding its quarterly dividend. The Company’s board of directors has officially declared a dividend on its common shares that is considered a return of capital from an accounting perspective.
Dividend Amount and Payment Information
The declared dividend amounts to USD 0.45 per common share, which shareholders will receive based on their respective exchanges. Shareholders holding shares registered in the Euronext VPS will receive their dividends distributed in NOK.
It's crucial for investors to note the key payment details regarding the dividend. The board approved the declaration of the dividend on a specific date, and shareholders should be aware of the important cut-off dates:
- **Dividends will be paid in USD for shares listed on NYSE.**
- **Last day to include rights on OSE is marked for mid-November 2024.**
- **Last day for NYSE includes the rights shortly after the OSE deadline.**
- **The ex-dividend date on OSE will be a few days after the rights end.**
- **Payment date is set for early December 2024.**
Implications of Trading Settlements
In light of new trading regulations, specifically the Central Securities Depository Regulation (“CSDR”) in Norway, it is pivotal for shareholders to understand the trading mechanisms affecting their dividend entitlements. Since trades on the New York Stock Exchange have transitioned to a T+1 settlement cycle, while trades on the Oslo Stock Exchange continue with a T+2 cycle, this has led to varying ex-dividend dates.
Shareholder Instructions
Shareholders are strongly encouraged to reach out to their banking institutions, brokers, or custodians for detailed information regarding how and when the dividend payments will be credited to their accounts. This proactive approach will help ensure that they receive their dividends without any delays.
Company Overview
Okeanis Eco Tankers Corp. operates as a prominent international tanker company specializing in the transportation of crude oil and refined products via sea. The Company, which was established under the laws of the Republic of the Marshall Islands, operates a fleet that includes six sophisticated Suezmax tankers outfitted with scrubbers and eight modern VLCC tankers, ensuring efficiency and adherence to environmental regulations.
Investor Communication
For any investor relations inquiries, stakeholders can contact:
Iraklis Sbarounis, CFO
Phone: +30 210 480 4200
Email: ir@okeanisecotankers.com
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Phone: +1 (212) 661-7566
Email: okeanisecotankers@capitallink.com
Frequently Asked Questions
What is the amount of the declared dividend for Q3 2024?
The declared dividend is USD 0.45 per common share.
When will the dividend be paid?
The payment date for the dividend is scheduled for December 4, 2024.
What factors influence the different ex-dividend dates?
The differences arise due to varying trading settlement practices between the New York Stock Exchange and the Oslo Stock Exchange.
How can shareholders know when to expect their dividends?
Shareholders are advised to consult their brokers or banks for precise information on how dividends will be credited to their accounts.
What does the company primarily focus on?
The company specializes in the seaborne transportation of crude oil and refined products, operating a modern fleet of tankers.
