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Odfjell Drilling Ltd. ( (DE:OD3) ) just unveiled an announcement.
Odfjell Drilling’s board has approved a cash dividend of USD 0.23 per share for the fourth quarter, corresponding to a total payout of USD 55 million to shareholders. The dividend, declared in U.S. dollars but paid in Norwegian kroner based on Norges Bank’s exchange rate on the last day including rights, will be distributed on 19 March 2026, reinforcing the company’s capital-return policy and signalling continued confidence in its cash generation.
Shares will trade with dividend rights through 3 March 2026, with an ex-dividend date of 4 March and a record date of 5 March 2026. The move underlines Odfjell Drilling’s commitment to shareholder remuneration in line with Oslo Børs regulations and may be viewed by investors as an indication of operational stability and robust liquidity in a cyclical offshore drilling market.
More about Odfjell Drilling Ltd.
Odfjell Drilling Ltd. is an offshore drilling contractor listed on the Oslo Stock Exchange, providing drilling and related services to the oil and gas industry. The company operates internationally, with its financial performance and shareholder returns closely tied to activity levels in global energy markets.
Average Trading Volume: 307,210
Current Market Cap: NOK25.52B
Learn more about OD3 stock on TipRanks’ Stock Analysis page.