Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products. The company operates Chemical Tankers and Tank Terminals segments. It owns and operates chemical tankers that offers global and regional transportation; and tank terminals, which provides storage of various chemical and petroleum products. As of December 31, 2021, it operated a chemical tanker fleet of 93 vessels, including 50 owned, six bareboat chartered, 13 time chartered vessels, and 24 pool vessels. The company's terminal network comprises of 469 tanks with 1.3 million cubic meters of storage capacity. It operates in Norway, the Netherlands, rest of Europe, North America, South America, the Middle East, Asia, Australasia, and Africa. Odfjell SE was founded in 1914 and is headquartered in Bergen, Norway.
Odfjell Dividend Announcement
• Odfjell announced a semi annually dividend of kr10.51 per ordinary share which will be made payable on 2024-09-03. Ex dividend date: 2024-08-26
• Odfjell annual dividend for 2024 was kr17.18
• Odfjell annual dividend for 2023 was kr12.75
• Odfjell's trailing twelve-month (TTM) dividend yield is 14.04%
• Odfjell's payout ratio for the trailing twelve months (TTM) is 38.02%
Odfjell Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-26 | kr10.51 | semi annually | 2024-09-03 |
2024-02-13 | kr6.67 | semi annually | |
2023-08-21 | kr6.58 | semi annually | 2023-08-29 |
2023-02-13 | kr6.17 | semi annually | 2023-02-21 |
2022-08-19 | kr2.20 | semi annually | 2022-08-29 |
2022-05-06 | kr1.00 | semi annually | 2022-05-16 |
2018-05-09 | kr1.50 | semi annually | 2018-05-23 |
2017-05-12 | kr1.50 | semi annually | 2017-05-19 |
2011-10-27 | kr1.00 | semi annually | 2011-11-08 |
2009-05-06 | kr1.00 | semi annually | 2009-05-19 |
2008-05-06 | kr2.00 | semi annually | 2008-05-16 |
2007-05-04 | kr3.00 | semi annually | 2007-05-15 |
2006-10-13 | kr2.25 | semi annually | 2006-10-26 |
2006-05-26 | kr3.25 | semi annually | 2006-06-07 |
2005-10-11 | kr2.50 | semi annually | 2005-10-25 |
2005-05-06 | kr4.00 | semi annually | 2005-05-24 |
2004-11-30 | kr6.00 | semi annually | 2004-12-14 |
2004-05-06 | kr6.00 | semi annually | 2004-05-24 |
Odfjell Dividend per year
Odfjell Dividend growth
Odfjell Dividend Yield
Odfjell current trailing twelve-month (TTM) dividend yield is 14.04%. Interested in purchasing Odfjell stock? Use our calculator to estimate your expected dividend yield:
Odfjell Financial Ratios
Odfjell Dividend FAQ
Other factors to consider when evaluating Odfjell as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Odfjell's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Odfjell publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Odfjell distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Odfjell are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Odfjell sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Odfjell distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Odfjell declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Odfjell's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Odfjell's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.