The Board of Directors (the “Board”) aim to distribute dividends to shareholders for financial periods the Company generates sufficient net profits and has available excess cash.
Future dividends payments will depend on the underlying Company financial performance and market development, as well as expectations about the future. In evaluating dividend distributions, the Board will take into consideration the Company’s forecasted liquidity, investment plans, financing requirements and level of financial flexibility that the Board believes is appropriate for the Company.
|Period||Total dividend||Dividend per share¹||Announced||Ex-div date||Payment date|
|Q3 2018||ADS Crude Carriers Plc established and agreements entered for purchase of first vessels.|
|Q4 2018||First full quarter of vessel operations.|
|Q1 2019||USD 1 million||USD 0.04 (NOK 0.37)||29 May 2019||12 Jun 2019||26 Jun 2019|
|Q2 2019||USD 0.5 million||USD 0.02 (NOK 0.19)||22 Aug 2019||4 Sep 2019||16 Sep 2019|
|Q3 2019||No dividend. All vessels in yard for upgrade.|
¹ ADS Crude Carriers Plc's functional and presentational currency is USD and all dividends announced by the Company are initially announced in total USD and estimated USD equivalents per share. As a result of the Company's shares being traded on the Oslo Børs Merkur Markets all dividend payments will be in NOK based on an exchange rate secured by the Company between the date of announcing a dividend and the ex-div date.