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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Aegean Marine Petroleum goes ex-dividend

23 Aug 2016 09:27 GMT

Dividend payments on Aegean shares traded on or after 22nd Aug will go to the seller.



Aegean Marine Petroleum Network Inc. went ex-dividend on 22nd August, which means that the next dividend payment on any shares traded on or after this date will go to the seller.

On 10th August, the bunker supplier's board of directors declared a second-quarter 2016 dividend of $0.02 per share payable on or about 9th September 2016 to shareholders of record as of 24th August 2016.

When a company declares a dividend, it sets a record date when a share buyer must be on the company's books as a shareholder to receive the dividend. Companies also use this date to determine who is sent proxy statements, financial reports, and other information.

Once the company sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date is usually set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you receive the dividend.

In its last financial results announcement, the company said: "The dividend amount was determined in accordance with the Company's dividend policy of paying cash dividends on a quarterly basis subject to factors including the requirements of Marshall Islands law, future earnings, capital requirements, financial condition, future prospects and such other factors as are determined by the Company's Board of Directors."

Aegean added: "The Company anticipates retaining most of its future earnings, if any, for use in operations and business expansion."




Related Links:

Aegean founder set to bank $99.6m from share sale
Aegean Marine Petroleum earnings call summary
Aegean reduces costs to achieve profit rise despite lower revenue
Aegean deploys bunker vessel to Port Elizabeth
Aegean revenue, net income down despite 31% jump in sales volumes
Aegean Marine Petroleum S.A.
Greece
United States

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