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 kr0.67 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-15
• Odfjell Drilling annual dividend for 2024 was kr2.57
• Odfjell Drilling annual dividend for 2023 was kr0.12
• Odfjell Drilling's trailing twelve-month (TTM) dividend yield is 5.08%
• Odfjell Drilling's payout ratio for the trailing twelve months (TTM) is 77.55%
Odfjell Drilling Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | kr0.67 | quarterly | 2024-11-27 |
2024-08-30 | kr0.63 | quarterly | 2024-09-19 |
2024-05-24 | kr0.64 | quarterly | 2024-06-13 |
2024-03-01 | kr0.64 | quarterly | 2024-03-14 |
2023-11-10 | kr0.06 | quarterly | 2023-11-22 |
2023-09-01 | kr0.06 | quarterly | 2023-09-13 |
2014-03-18 | kr0.05 | quarterly | 2014-04-08 |
Odfjell Drilling Dividend per year
Odfjell Drilling Dividend Yield
Odfjell Drilling current trailing twelve-month (TTM) dividend yield is 5.08%. Interested in purchasing Odfjell Drilling stock? Use our calculator to estimate your expected dividend yield:
Odfjell Drilling Financial Ratios
Odfjell Drilling Dividend FAQ
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.
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