Okeanis Eco Tankers Corp. – Key Information relating to Q1 2025 dividend

Rhea-AI Summary

Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has declared a quarterly dividend of $0.32 per common share. Due to different settlement periods between the New York Stock Exchange (T+1) and Oslo Stock Exchange (T+2), there are varying ex-dividend dates. For OSE, the last trading day including dividend rights is May 30, 2025, with an ex-date of June 2, 2025. For NYSE, the last day including dividend rights is June 2, 2025, with an ex-date of June 3, 2025.

The record date for both exchanges is June 3, 2025. While the general payment date is set for June 12, 2025, shareholders with shares registered in Euronext VPS will receive their dividend in NOK around June 17, 2025, due to the implementation of Central Securities Depository Regulation (CSDR) in Norway.

["Declared dividend of $0.32 per share indicates strong financial health and commitment to shareholder returns","Dual-listed status on NYSE and OSE provides increased liquidity and broader investor access"]

Insights

Financial Analyst

Okeanis declares solid $0.32/share Q1 2025 dividend, maintaining strong shareholder returns amid tanker market conditions.

Okeanis Eco Tankers has announced a $0.32 per share quarterly dividend, representing a continued commitment to shareholder returns. This dividend declaration provides important clarity for investors about the company's cash distribution policy and near-term financial priorities.

The timing mechanics of this dividend are particularly noteworthy due to the different settlement periods between NYSE (T+1) and Oslo Exchange (T+2), creating different ex-dividend dates across markets. This structural detail is critical for investors to understand, as buying or selling around these dates affects dividend eligibility.

While the press release doesn't provide context on how this dividend compares to previous distributions, the $0.32 figure suggests healthy cash generation capability within the tanker industry. The eco-tanker segment typically benefits from higher charter rates due to fuel efficiency advantages and environmental compliance, potentially supporting this dividend level.

The implementation of Central Securities Depository Regulation (CSDR) in Norway introduces a slight delay for VPS-registered shareholders, who will receive their payments around June 17th versus June 12th for others. This regulatory change demonstrates how cross-listing complexities can affect shareholder experience across different markets.

Investors should note the clear timeline provided: last inclusion days (May 30th for OSE, June 2nd for NYSE), ex-dividend dates (June 2nd for OSE, June 3rd for NYSE), record date (June 3rd), and payment dates. This transparency helps shareholders plan accordingly, particularly those who might be considering transactions around these critical dates.

ATHENS, Greece, May 14, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET), announced today that the Company's board of directors (the “Board”) has declared a dividend on its common shares (the “Dividend”).

Due to implementation of the Central Securities Depository Regulation (“CSDR”) in Norway, shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in Norway (“VPS”) should please note the information on the payment date to the shares registered in VPS below.

The New York Stock Exchange (“NYSE”) settles its trades on a T+1 basis, while the Oslo Stock Exchange (“OSE”) settles its trades on a T+2 basis. As a result, there will be different ex-dividend dates between the two exchanges, as set out below.

Key information relating to the Dividend:

• Dividend amount: USD 0.32 per common share.
  
• Declared currency: USD. Dividends payable to common shares registered in the Euronext VPS will be distributed in NOK.
  
• Date of Board approval: May 14, 2025.
  
• Last day including right OSE: May 30, 2025, the last date on which the Company’s common shares trading on the OSE will include the entitlement to the Dividend.
  
• Last day including right NYSE: June 2, 2025, the last date on which the Company’s common shares trading on the NYSE will include the entitlement to the Dividend.
  
• Ex-date OSE: June 2, 2025, the date on which the Company’s common shares will begin trading on the OSE without the entitlement to the Dividend.
  
• Ex-date NYSE: June 3, 2025, the date on which the Company’s common shares will begin trading on the NYSE without the entitlement to the Dividend.
  
• Record date OSE and NYSE: June 3, 2025
  
• Payment date: June 12, 2025. Due to the implementation of CSDR in Norway, the Dividend payable on common shares that are registered in the Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about June 17, 2025.

The Company encourages you to contact your bank, broker, nominee or other institution if you have any questions regarding the mechanics and timing of having the Dividend attributable to your common shares credited to your account.

Contacts

Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
ir@okeanisecotankers.com

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
okeanisecotankers@capitallink.com

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.

This information is published in accordance with the requirements of the Continuing Obligations.

FAQ

What is the dividend amount for Okeanis Eco Tankers (ECO) in Q1 2025?

Okeanis Eco Tankers (ECO) has declared a dividend of $0.32 per common share for Q1 2025.

When is the ex-dividend date for ECO stock on NYSE and OSE?

The ex-dividend date is June 3, 2025 for NYSE and June 2, 2025 for OSE due to different settlement periods.

What is the payment date for Okeanis Eco Tankers Q1 2025 dividend?

The general payment date is June 12, 2025, while VPS-registered shareholders will receive payment around June 17, 2025.

Why are there different payment dates for ECO shareholders on NYSE and OSE?

Due to CSDR implementation in Norway and different settlement periods (T+1 for NYSE, T+2 for OSE), resulting in VPS-registered shareholders receiving payment around June 17, 2025.