Okeanis Eco Tankers announces a Q1 2025 dividend of USD 0.32 per share, effective from June 2, 2025.
Quiver AI Summary
Okeanis Eco Tankers Corp. (OET) announced that its shares will begin trading ex-dividend at USD 0.32 per common share on the Oslo Stock Exchange starting June 2, 2025, and on the New York Stock Exchange from June 3, 2025. The company, which focuses on seaborne transportation of crude oil and refined products, operates a fleet of six Suezmax tankers and eight VLCC tankers. The press release includes a disclaimer about forward-looking statements, emphasizing that they are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. For more information, investors are encouraged to review OET's filings with the U.S. Securities and Exchange Commission.
Potential Positives
- The announcement of a Q1 2025 dividend of USD 0.32 per common share signals the company's financial health and commitment to returning value to shareholders.
- The shares will be traded ex-dividend on both the Oslo Stock Exchange and the New York Stock Exchange, broadening the accessibility for investors and potentially increasing liquidity.
- Okeanis Eco Tankers Corp. is highlighted as a leading international tanker company, emphasizing its strong position in the market and its modern fleet of scrubber-fitted tankers.
Potential Negatives
- The issuance of a dividend may suggest that the company is prioritizing shareholder returns over capital investment in growth or operational enhancements, which could raise concerns about its long-term strategic direction.
- The need for extensive forward-looking statements and disclaimers highlights the inherent risks and uncertainties in the company's operations, which may lead investors to view the company as being in a precarious financial position.
- The mention of external factors affecting the shipping industry, including potential threats from pandemics and international hostilities, indicates vulnerability to unpredictable global events that could adversely impact the company's business performance.
FAQ
What is the Q1 2025 dividend for Okeanis Eco Tankers?
The dividend announced for Q1 2025 is USD 0.32 per common share.
When will OET shares be traded ex-dividend?
OET shares will be traded ex-dividend on the Oslo Stock Exchange starting June 2, 2025.
When will OET dividend be available on the New York Stock Exchange?
The dividend will be available on the New York Stock Exchange from June 3, 2025.
Who should investors contact for inquiries about OET?
Investors can contact Iraklis Sbarounis, CFO, at +30 210 480 4200 or [email protected].
What does Okeanis Eco Tankers Corp. specialize in?
Okeanis Eco Tankers Corp. specializes in the seaborne transportation of crude oil and refined products.
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.
$ECO Hedge Fund Activity
We have seen 17 institutional investors add shares of $ECO stock to their portfolio, and 34 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 304,187 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $6,467,015
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 277,297 shares (-54.6%) from their portfolio in Q1 2025, for an estimated $6,128,263
- SG AMERICAS SECURITIES, LLC added 202,072 shares (+inf%) to their portfolio in Q1 2025, for an estimated $4,465,791
- FIL LTD removed 121,877 shares (-19.9%) from their portfolio in Q1 2025, for an estimated $2,693,481
- MORGAN STANLEY removed 89,800 shares (-84.0%) from their portfolio in Q1 2025, for an estimated $1,984,580
- BOOTHBAY FUND MANAGEMENT, LLC added 89,384 shares (+343.9%) to their portfolio in Q1 2025, for an estimated $1,975,386
- SEMMAX FINANCIAL ADVISORS INC. added 83,122 shares (+210.9%) to their portfolio in Q1 2025, for an estimated $1,836,996
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATHENS, Greece, June 02, 2025 (GLOBE NEWSWIRE) -- Reference is made to the key information relating to Q1 2025 dividend announced by Okeanis Eco Tankers Corp. ("OET" or the "Company") (NYSE: ECO / OSE: OET) on May 14, 2025. The Company's shares will be traded ex dividend USD 0.32 per common share on the Oslo Stock Exchange from today, June 2, 2025 and on the New York Stock Exchange from June 3, 2025.
Contacts
Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
[email protected]
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
[email protected]
About OET
OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.
Forward-Looking Statements
This communication contains “forward-looking statements”, including as defined under U.S. federal securities laws. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “hope,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.