Okeanis Eco Tankers Declares Q4 2024 Dividend of $0.35
Okeanis Eco Tankers Corp. announces Q4 2024 dividend of USD 0.35 per share, ex-dividend dates set for exchanges.
Company Overview and Dividend Announcement
Okeanis Eco Tankers Corp. (OET) disclosed a dividend of USD 0.35 per common share for Q4 2024. The shares will trade ex-dividend on the Oslo Stock Exchange starting February 28, 2025, and on the New York Stock Exchange beginning March 3, 2025. OET is an established international tanker company specializing in transporting crude oil and refined products, boasting a fleet composed of advanced scrubber-fitted Suezmax and VLCC tankers. The announcement also includes forward-looking statements concerning the company’s anticipated performance and the potential risks involved, emphasizing the need for caution in interpreting these predictions due to possible changes in market conditions and financial performance.
Analysis of Dividend Implications
Positive Aspects
- The declared dividend of USD 0.35 per common share reflects the company’s financial health and dedication to returning value to shareholders.
- Trading ex-dividend on both the Oslo and New York Stock Exchanges may enhance market visibility and attract new investors.
- Okeanis Eco Tankers’ modern fleet includes scrubber-fitted tankers, demonstrating a commitment to environmentally responsible shipping practices and compliance with industry standards.
Challenges Ahead
- The dividend announcement might suggest a focus on immediate shareholder returns over long-term growth strategies.
- Reliance on forward-looking statements indicates potential volatility in the company’s financial outlook, which could discourage investors.
- Extensive disclaimers regarding future projections may raise concerns about the company’s capacity to meet its expectations, signaling increased risks for stakeholders.
Frequently Asked Questions
What is the dividend for Q4 2024?
Okeanis Eco Tankers announced a dividend of USD 0.35 per common share for Q4 2024.
When do shares trade ex-dividend?
Shares will be traded ex-dividend on the Oslo Stock Exchange starting February 28, 2025, and on the NYSE from March 3, 2025.
Where is Okeanis Eco Tankers listed?
Okeanis Eco Tankers is listed on the Oslo Børs under the symbol OET and on the NYSE under the symbol ECO.
Who should I contact for more information?
For inquiries, reach out to Iraklis Sbarounis, CFO, at +30 210 480 4200 or [email protected].
What types of vessels does Okeanis operate?
Okeanis Eco Tankers has a fleet consisting of six modern scrubber-fitted Suezmax tankers and eight VLCC tankers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Recent Hedge Fund Activity
Recent data shows that 17 institutional investors purchased shares of $ECO Stock, while 31 reduced their holdings in the last quarter.
Here are notable recent transactions:
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. divested 304,187 shares (-100.0%) in Q4 2024, for an estimated $6,467,015
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired 209,260 shares (+70.2%) in Q4 2024, valued at approximately $4,448,867
- UBS GROUP AG added 80,339 shares (+310.4%) in Q4 2024, amounting to roughly $1,708,007
- HSBC HOLDINGS PLC sold 65,103 shares (-100.0%) in Q4 2024, for an estimated $1,384,089
- BOSTON PARTNERS purchased 57,889 shares (+inf%) in Q4 2024, valued at about $1,230,720
- WALLEYE CAPITAL LLC acquired 53,821 shares (+inf%) in Q4 2024, estimated at $1,144,234
- INVESCO LTD. sold 47,231 shares (-100.0%) in Q4 2024, for an estimated $1,004,131
To monitor hedge fund investments, visit Quiver Quantitative’s institutional holdings dashboard.
Full Release
ATHENS, Greece, Feb. 28, 2025 (GLOBE NEWSWIRE) — Key information regarding the Q4 2024 dividend announced by Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET) was released on February 19, 2025. The Company’s shares will be traded ex dividend at USD 0.35 per common share on the Oslo Stock Exchange starting February 28, 2025, and on the New York Stock Exchange beginning March 3, 2025.
Contacts
Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
Investor Relations / Media Contact:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
About Okeanis Eco Tankers
OET is a prominent international tanker company focused on the seaborne transportation of crude oil and refined products. Incorporating on April 30, 2018, under the laws of the Republic of the Marshall Islands, OET is publicly traded on the Oslo Børs as OET and on the NYSE under ECO. The fleet comprises six modern scrubber-fitted Suezmax tankers along with eight modern scrubber-fitted VLCC tankers.
Forward-Looking Statements
This communication contains “forward-looking statements” as defined under U.S. federal securities laws. These statements encompass the company’s current expectations and forecasts about future events. Such statements include Okeanis Eco Tankers’ beliefs, plans, objectives, and assumptions that are not historical facts. Terms like “anticipate,” “believe,” “estimate,” and “expect” may indicate these forward-looking statements. However, the absence of such terms does not mean a statement is not forward-looking. Actual results may differ significantly due to various risks and uncertainties, as outlined in the company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Reliance on such statements is not advised; refer to the reports filed with the SEC for detailed risk factors.
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