Dividend Policy

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.

Dividend History

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.
Q4 2019 USD 2 million USD 0.09 27 Feb 2020 10 March 2020 18 March 2020 (est.)

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.