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Odfjell Drilling Ltd. owns and operates mobile offshore drilling units in Norway, the United Kingdom, Europe, Asia, Africa, and internationally. It operates through Mobile Offshore Drilling Units business (MODU), Energy business (Energy), and Well Services business (OWS) segments. The MODU segment offers management services to other owners of drilling units; and operational management, regulatory requirements management, marketing, contract negotiations and client relations, and operation and mobilization preparation services. The Energy segment provides integrated drilling and maintenance services for fixed platform drilling rigs in the North Sea, as well as engineering services, including design, project management, and operation and support services. The OWS segment offers casing and tubular running services; wellbore cleaning; and drilling tool and tubular rental services for exploration wells and production purposes. The company was founded in 1914 and is headquartered in Aberdeen, the United Kingdom. Odfjell Drilling Ltd. is a subsidiary of Odfjell Partners Ltd.

Odfjell Drilling Dividend Announcement

• Odfjell Drilling announced a quarterly dividend of kr6.68 per ordinary share which will be made payable on 2024-09-19. Ex dividend date: 2024-08-30
• Odfjell Drilling annual dividend for 2024 was kr20.08
• Odfjell Drilling annual dividend for 2023 was kr1.30
• Odfjell Drilling's trailing twelve-month (TTM) dividend yield is 3.65%
• Odfjell Drilling's payout ratio for the trailing twelve months (TTM) is 23.78%

Odfjell Drilling Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-30kr6.68quarterly2024-09-19
2024-05-24kr6.68quarterly2024-06-13
2024-03-01kr6.72quarterly
2023-11-10kr0.67quarterly2023-11-22
2023-09-01kr0.64quarterly2023-09-13
2014-03-18kr0.30quarterly2014-04-08

Odfjell Drilling Dividend per year

Odfjell Drilling Dividend Yield

Odfjell Drilling current trailing twelve-month (TTM) dividend yield is 3.65%. Interested in purchasing Odfjell Drilling stock? Use our calculator to estimate your expected dividend yield:

Odfjell Drilling Financial Ratios

P/E ratio4.68
PEG ratio-18.01
P/B ratio0.80
ROE17.16%
Payout ratio23.78%
Current ratio1.00
Quick ratio1.00
Cash Ratio0.49

Odfjell Drilling Dividend FAQ

Does Odfjell Drilling stock pay dividends?
Odfjell Drilling does not currently pay dividends to its shareholders.
Has Odfjell Drilling ever paid a dividend?
No, Odfjell Drilling has no a history of paying dividends to its shareholders. Odfjell Drilling is not known for its dividend payments.
Why doesn't Odfjell Drilling pay dividends?
There are several potential reasons why Odfjell Drilling would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Odfjell Drilling ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Odfjell Drilling has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Odfjell Drilling a dividend aristocrat?
Odfjell Drilling is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Odfjell Drilling a dividend king?
Odfjell Drilling is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Odfjell Drilling a dividend stock?
No, Odfjell Drilling is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Odfjell Drilling stocks?
To buy Odfjell Drilling you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Odfjell Drilling stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.