OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. It holds 44.56% interests in Draugen, 12% interests in Gjøa, 2.77% interests in Ivar Aasen, and 15% interests in Yme assets. The company was incorporated in 2015 and is headquartered in Trondheim, Norway.
OKEA Dividend Announcement
• OKEA announced a quarterly dividend of kr1.00 per ordinary share which will be made payable on 2023-12-15. Ex dividend date: 2023-12-01
• OKEA annual dividend for 2023 was kr4.00
• OKEA's trailing twelve-month (TTM) dividend yield is 4.66%
• OKEA's payout ratio for the trailing twelve months (TTM) is -10.97%
OKEA Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2023-12-01 | kr1.00 | quarterly | 2023-12-15 |
| 2023-09-01 | kr1.00 | quarterly | 2023-09-15 |
| 2023-06-02 | kr1.00 | quarterly | 2023-06-15 |
| 2023-03-02 | kr1.00 | quarterly | 2023-03-15 |
| 2022-12-02 | kr1.00 | quarterly | 2022-12-15 |
| 2022-09-02 | kr1.00 | quarterly | 2022-09-15 |
| 2022-06-02 | kr0.90 | quarterly | 2022-06-15 |
OKEA Dividend per year
OKEA Dividend Yield
OKEA current trailing twelve-month (TTM) dividend yield is 4.66%. Interested in purchasing OKEA stock? Use our calculator to estimate your expected dividend yield:
OKEA Financial Ratios
P/E ratio-2.35
PEG ratio-0.02
P/B ratio2.14
ROE-118.18%
Payout ratio-10.97%
Current ratio1.30
Quick ratio1.17
Cash Ratio0.61
OKEA Dividend FAQ
Does OKEA stock pay dividends?
OKEA does not currently pay dividends to its shareholders.
Has OKEA ever paid a dividend?
No, OKEA has no a history of paying dividends to its shareholders. OKEA is not known for its dividend payments.
Why doesn't OKEA pay dividends?
There are several potential reasons why OKEA 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.
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 OKEA 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 OKEA 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 OKEA a dividend aristocrat?
OKEA 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 OKEA a dividend king?
OKEA 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 OKEA a dividend stock?
No, OKEA 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 OKEA stocks?
To buy OKEA 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 OKEA 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.
Place an order: Use the brokerage's trading platform to place an order to buy OKEA 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.