Okeanis Eco Tankers Announces Dividend Information
In an important update from Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET), the company's board of directors has officially declared a dividend on its common shares. This announcement outlines the essential details regarding the dividend, which is set to benefit shareholders in both the New York Stock Exchange and Oslo Stock Exchange.
Key Details Regarding the Dividend
The dividend has been set at USD 0.35 per common share. While the declared currency is USD for stakeholders involved within the NYSE, dividends payable to shares registered in the Euronext VPS will be distributed in Norwegian Krone (NOK). It is vital for shareholders to be aware of the specific dates related to the dividend.
Important Dates for Shareholders
The board approved this dividend on February 19, 2025. For those trading on the Oslo Stock Exchange, February 27, 2025, marks the last day to include the entitlement to the dividend. Conversely, for NYSE investors, this day is February 28, 2025. Following this period, the company’s ordinary shares will begin trading without entitlement to the dividend on both exchanges on their respective ex-dates.
Ex-Dates and Record Dates Explained
The ex-dividend date for the Oslo Stock Exchange is set for February 28, 2025. Meanwhile, New York Stock Exchange will have its ex-date on March 3, 2025. All shareholders should take note of the record date for both exchanges, which will also be March 3, 2025. The payment is scheduled for March 17, 2025, with dividends for shares on the Euronext VPS expected to be distributed shortly thereafter on or about March 20, 2025.
Understanding the Central Securities Depository Regulation
Changes to trading practices due to the implementation of the Central Securities Depository Regulation (CSDR) in Norway are noteworthy. These regulations do affect how shareholders can expect their dividends to be handled, particularly for those with shares registered in the Euronext Securities Oslo.
Advice for Shareholders
The company stresses the importance of reaching out to your bank, broker, or financial institution for specific queries related to the timing and mechanics of dividend distribution. This assistance is crucial for ensuring smooth transactions and understanding how these changes may impact your investment.
About Okeanis Eco Tankers Corp.
Okeanis Eco Tankers is a prominent player in the international tanker industry, specializing in the transportation of crude oil and refined products. Founded on April 30, 2018, under the laws of the Republic of the Marshall Islands, OET has earned its place as a reliable entity on the Oslo Børs and the NYSE.
Company Contact Information
If you have further inquiries, feel free to reach out to the following contacts:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
Email: ir@okeanisecotankers.com
Nicolas Bornozis, President - Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
Email: okeanisecotankers@capitallink.com
Frequently Asked Questions
What is the declared dividend amount for Okeanis Eco Tankers?
The declared dividend amount is USD 0.35 per common share.
When is the payment date for the upcoming dividend?
The payment date for the dividend is set for March 17, 2025.
What are the ex-dividend dates for NYSE and OSE?
The ex-dividend date for NYSE is March 3, 2025, while for OSE, it is February 28, 2025.
In what currency will the dividends be paid for shares registered in VPS?
Dividends for shares registered in the Euronext VPS will be distributed in NOK.
How can shareholders get assistance regarding their dividends?
Shareholders are encouraged to contact their bank, broker, or applicable financial institution for assistance regarding dividend credits to their accounts.
