Statoil, Norway’s frontline oil corporation has declared a cash dividend of USD0.2201 per share to its shareholders.
See details below:
Dividend amount: 0.2201
Declared currency: USD
Last day including right: 10 May at New York Stock Exchange, 11 May 2017 at Oslo Børs (Oslo Stock Exchange)
Ex-date: 11 May at New York Stock Exchange, and 12 May 2017 at Oslo Børs
Record date: 15 May 2017
Payment date: On or around 24 June 2017
Date of approval: 11 May 2017 (subject to approval 11 May at the annual general meeting (AGM)
Statoil has not yet declared dividends in its local currency Norwegian Krona (NOK). The company said in its statement that dividend per share in NOK will be communicated 19 May 2017.
With reference to the scrip dividend programme approved by the AGM 11 May 2016, and subject to renewal 11 May 2017 at the AGM, shareholders will get the option to receive the dividend in newly issued shares at a discount. For the dividend issue for fourth quarter 2016, the board has proposed the discount to 5%. Further information on the scrip programme for fourth quarter 2016 will be published in due course.