Subsea 7 S.A. delivers offshore projects and services for the evolving energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore. The company also offers engineering, procurement, commissioning, and installation of subsea umbilicals, risers, and flowlines; inspection, repair, maintenance, remote intervention, and integrity management of subsea infrastructure services; conventional services comprising fabrication, installation, extension, and refurbishment of fixed and floating platforms and associated pipelines in shallow water; and hook-up services. In addition, it operates heavy lifting operations and heavy transportation services for renewables structures; and installs offshore wind turbine foundations and inter-array cables, as well as engages in the decommissioning of redundant offshore structures. Further, the company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities, as well as engineering and advisory services for customers in the oil and gas, renewables, and utilities industries. As of December 31, 2021, it has a fleet of 38 vessels. Subsea 7 S.A. was incorporated in 1993 and is based in Luxembourg.
Subsea 7 Dividend Announcement
• Subsea 7 announced a semi annually dividend of $0.28 per ordinary share which will be made payable on 2024-11-07. Ex dividend date: 2024-10-31
• Subsea 7 annual dividend for 2024 was $0.57
• Subsea 7 annual dividend for 2023 was $0.39
• Subsea 7's trailing twelve-month (TTM) dividend yield is 3.64%
• Subsea 7's payout ratio for the trailing twelve months (TTM) is 50.59%
Subsea 7 Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-31 | $0.28 | semi annually | 2024-11-07 |
2024-05-06 | $0.28 | semi annually | 2024-05-14 |
2023-04-20 | $0.39 | semi annually | 2023-04-28 |
2022-04-28 | $0.11 | semi annually | 2022-05-06 |
2021-04-29 | $0.24 | semi annually | 2021-05-14 |
2019-04-25 | $0.17 | semi annually | 2019-05-10 |
2018-04-25 | $0.63 | semi annually | 2018-05-07 |
2017-04-18 | $0.59 | semi annually | 2017-05-03 |
2014-06-30 | $0.60 | semi annually | 2014-07-15 |
2013-07-02 | $0.58 | semi annually | 2013-07-18 |
2012-08-16 | $0.19 | semi annually | 2012-08-27 |
2012-06-26 | $0.58 | semi annually | 2012-07-10 |
2010-06-01 | $0.23 | semi annually | |
2009-05-26 | $0.22 | semi annually |
Subsea 7 Dividend per year
Subsea 7 Dividend growth
Subsea 7 Dividend Yield
Subsea 7 current trailing twelve-month (TTM) dividend yield is 3.64%. Interested in purchasing Subsea 7 stock? Use our calculator to estimate your expected dividend yield:
Subsea 7 Financial Ratios
Subsea 7 Dividend FAQ
Other factors to consider when evaluating Subsea 7 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: Subsea 7'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, Subsea 7 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, Subsea 7 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 Subsea 7 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: Subsea 7 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, Subsea 7 distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Subsea 7 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 Subsea 7'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 Subsea 7'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.