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Odfjell Technology Ltd., a technology and engineering company, provides well, drilling, and engineering services in Norway, Europe, Asia, the United Kingdom, and internationally. The company operates through three segments: Well Services; Operations; and Projects & Engineering. The Well Services segment provides casing and tubular running services, including automated and conventional; drilling tool and tubular rental services; and specialist well intervention products and services for exploration wells and for production. The Operations segment engages in the production of drilling and well completion on client's rigs. This segment is also involved in the slot recovery, plug and abandonment, work-overs, and maintenance activities; and provision of platform drilling services on both fixed production platforms and on floating production platforms with subsea blowout preventers along with the management and performance of the services on leased Jack-up rigs. The Projects & Engineering segment offers engineering and integrity services, including design and engineering to building supervision; and project management and operational support for units in operation, newbuild projects, and SPS/RS recertification projects and yard stays. The company was founded in 1973 and is headquartered in Aberdeen, the United Kingdom.

Odfjell Technology Dividend Announcement

• Odfjell Technology announced a quarterly dividend of kr1.14 per ordinary share which will be made payable on . Ex dividend date: 2024-08-29
• Odfjell Technology annual dividend for 2024 was kr2.66
• Odfjell Technology annual dividend for 2023 was kr2.53
• Odfjell Technology's trailing twelve-month (TTM) dividend yield is 6.48%
• Odfjell Technology's payout ratio for the trailing twelve months (TTM) is 30.47%

Odfjell Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-29kr1.14quarterly
2024-05-24kr0.89quarterly
2024-02-23kr0.63quarterly
2023-11-13kr0.63quarterly
2023-09-04kr0.63quarterly
2023-05-23kr1.27quarterly

Odfjell Technology Dividend per year

Odfjell Technology Dividend Yield

Odfjell Technology current trailing twelve-month (TTM) dividend yield is 6.48%. Interested in purchasing Odfjell Technology stock? Use our calculator to estimate your expected dividend yield:

Odfjell Technology Financial Ratios

P/E ratio5.56
PEG ratio0.25
P/B ratio1.60
ROE31.22%
Payout ratio30.47%
Current ratio1.92
Quick ratio1.92
Cash Ratio0.58

Odfjell Technology Dividend FAQ

Does Odfjell Technology stock pay dividends?
Odfjell Technology does not currently pay dividends to its shareholders.
Has Odfjell Technology ever paid a dividend?
No, Odfjell Technology has no a history of paying dividends to its shareholders. Odfjell Technology is not known for its dividend payments.
Why doesn't Odfjell Technology pay dividends?
There are several potential reasons why Odfjell Technology 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 Technology 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 Technology 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 Technology a dividend aristocrat?
Odfjell Technology 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 Technology a dividend king?
Odfjell Technology 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 Technology a dividend stock?
No, Odfjell Technology 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 Technology stocks?
To buy Odfjell Technology 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 Technology 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.