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Tsakos Energy Navigation Limited(TEN) - 2025 Q1 - Earnings Call Presentation
2025-06-17 14:02
Financial Performance & Fleet Data - Q1 2025 net income attributable to Tsakos Energy Navigation Limited was $37711000, compared to $54034000 in Q1 2024[45,47] - Adjusted EBITDA for Q1 2025 was $99291000, slightly lower than $100538000 in Q1 2024[47] - Fleet utilization was 972% in Q1 2025, compared to 913% in Q1 2024[46] - Average TCE per ship per day was $30741 in Q1 2025, down from $33403 in Q1 2024[46] Fleet Composition & Strategy - The company has been actively renewing its fleet, contracting or acquiring 30 vessels since January 1, 2023, with an average age of 06 years and a total DWT of 37 million[25] - Simultaneously, 14 vessels were sold, averaging 173 years old with a total DWT of 12 million[25] - As of June 12, 2025, 46% of the vessels in the water have market exposure (spot + TC P/S), while 83% are in secured revenue contracts (TC + TC P/S)[14] Market Dynamics & Outlook - World oil demand reached a record 1028 million barrels per day in 2024, with growth expected to be around 074 million barrels per day in 2025[32] - The global GDP is expected to grow by 33% in 2024 and 28% in 2025[32] - The total NB orderbook is 808 tankers over the next three years, versus 2585 vessels aged over 15 years[38] Dividends & Valuation - The company aims for semi-annual dividend distributions, with a total dividend payment of $150 per common share in 2024 versus $100 for 2023 operations[31] - A dividend of $060 per common share is to be paid in July 2025[31] - The company has paid $591 million in common stock dividend payments since 2002, averaging approximately $25 million per year, with an average yield of 525%[31]
Decisions of the Annual General Meeting of shareholders of Arco Vara AS
Globenewswire· 2025-06-06 06:00
Core Points - The annual general meeting of shareholders of Arco Vara AS took place on 5 June 2025, where several key decisions were made regarding the company's financials and governance [1] - The company reported a net loss of EUR 624 thousand for the financial year ended 31 December 2024, and a dividend of EUR 0.02 per share was approved to be paid on 12 November 2025 [1] - The Supervisory Board members' terms were extended for five years, and the remuneration for the Chairman and regular members was set [1] - The share capital of Arco Vara AS will be increased by issuing 6,980,000 new ordinary shares at an issue price of EUR 2.5 per share, with specific allocations to certain investors [1] - The existing shareholders will not have pre-emptive rights for the newly issued shares, and the new shares will be eligible for dividends starting from the end of the subscription period [1] Financial Decisions - The annual report for 2024 was approved, and the net loss of EUR 624 thousand will be covered from retained earnings [1] - A dividend of EUR 0.02 per share will be distributed to shareholders, with the record date set for 5 November 2025 [1][3] - The new share capital will amount to EUR 12,157,856.90 following the issuance of new shares [1] Governance Changes - The principles of remuneration for the Management Board were approved, with the Chairman's remuneration set at EUR 5,000 net per month and regular members at up to EUR 500 per meeting [1] - The mandates of the Supervisory Board members were confirmed and extended [1] Share Issuance Details - The company will issue 6,980,000 new ordinary shares with a nominal value of EUR 0.7 per share, and the issue price will include a share premium [1] - Specific allocations for new shares were made to Alarmo Kapital OÜ, Luther Factory OÜ, and Luther Factory Holding OÜ, with total monetary contributions outlined [1] - The subscription period for the new shares is set for fourteen days from the resolution adoption, with the possibility of extension or cancellation of un-subscribed shares [1][2]
Flex LNG - Ex Date Q1 2025
Prnewswire· 2025-06-05 05:22
Group 1 - Flex LNG Ltd. shares will trade ex-dividend of USD 0.75 per share on June 5, 2025, for Oslo Stock Exchange and on June 6, 2025, for New York Stock Exchange [1][2] - The dividend payment is scheduled for approximately June 25, 2025, for Oslo Stock Exchange and June 20, 2025, for New York Stock Exchange [1][2] - Flex LNG operates a fleet of thirteen state-of-the-art LNG carriers, utilizing the latest generation two-stroke propulsion technology, which enhances fuel efficiency and reduces carbon footprint compared to older vessels [2]
Ryanair Reports Narrower-Than-Expected Loss in Q4, Revenues Up Y/Y
ZACKS· 2025-05-19 16:21
Core Insights - Ryanair Holdings plc reported a loss of 59 cents per share in Q4 of fiscal 2025, which was better than the Zacks Consensus Estimate of a loss of 65 cents per share, and an improvement from a loss of 52 cents per share in Q4 of fiscal 2024 [1] - The company's revenues reached $14.9 billion, exceeding the Zacks Consensus Estimate of $2.52 billion and showing year-over-year growth [1] Financial Performance - Traffic increased by 9% year-over-year to 200.2 million passengers, with a load factor of 94% remaining flat compared to the previous year, indicating stable passenger demand [2] - Average fares decreased by 7% year-over-year, while profit after tax fell by 16% year-over-year [2] - Operating costs rose by 9% year-over-year due to higher staff and other costs, partially offset by fuel hedge savings [2] Shareholder Returns - During fiscal 2025, Ryanair repurchased and canceled 7% of its issued share capital, totaling over 77 million shares, and has retired nearly 36% of its issued share capital since 2008 [3] - Cumulative dividends of €0.40 per share were paid during fiscal 2025, with a final dividend of €0.227 per share expected in September, pending AGM approval [3] Future Outlook - For fiscal 2026, Ryanair plans to pay down maturing bond debt while funding aircraft and engine capital expenditures from internal resources [4] - The company expects traffic growth of 3% to 206 million passengers in fiscal 2026, impacted by delayed Boeing deliveries, and anticipates modest unit cost inflation due to various factors [5] Market Position - Ryanair currently holds a Zacks Rank 1 (Strong Buy) and has seen its shares gain 14.7% year-to-date, contrasting with a 9.4% decline in the Zacks Airline industry [6]
Dividend payment ex-date of AS Harju Elekter Group
Globenewswire· 2025-05-15 04:00
Dividend Payment Information - AS Harju Elekter Group will close the list of shareholders for dividend payment on 21 May 2025 at the end of the working day of the Nasdaq CSD Estonian settlement system [1] - The ex-date, or the day of change of the rights related to the shares, is set for 20 May 2025, meaning new owners of the shares from that date will not be entitled to dividends for the year 2024 [1] - The company will pay a dividend of 0.15 euros per share on 28 May 2025 [1]
PagBank reports net revenue of R$4.9 billion and recurring net income of R$554 million in 1Q25
Prnewswire· 2025-05-14 13:00
Core Insights - PagBank announced its first dividend payment of approximately R$250 million (USD 0.14 per common share) and plans to distribute dividends annually, corresponding to about 10% of its net income, subject to market conditions and board approval [1][9] Financial Performance - In 1Q25, PagBank reported net revenue of R$4.9 billion, a 13% year-over-year increase, and gross margin of R$1.9 billion, reflecting a 7% rise [2] - Recurring net income for the quarter was R$554 million, a 6% year-over-year increase, with earnings per share (EPS) reaching R$1.72, a 14% increase year-over-year [2][6] - The credit portfolio expanded to R$3.7 billion, marking a 34% increase compared to the same quarter last year and a 6% increase quarter-over-quarter [3] Customer Engagement and Market Position - PagBank has a customer base of over 32 million, with 17.7 million actively engaged in its ecosystem, emphasizing its strategy of providing a comprehensive financial services platform [4] - Total deposits reached R$33.9 billion, a 10.9% year-over-year rise, indicating effective fundraising in a high-interest-rate environment [7] Operational Efficiency - The company maintained a stable delinquency rate over 90 days at 2.3%, significantly lower than the market average of 4.4% [3] - The total payment volume processed reached R$129 billion, growing 16% year-over-year, with cash in reaching R$83 billion, up 26% year-over-year [7] Shareholder Value Initiatives - PagBank executed a second share buyback program totaling over R$353 million, reflecting management's confidence in its growth strategy [8] - The gross margin increased from 38% to 39% quarter-over-quarter, and return on equity (ROE) reached 15% on an annualized basis, a 140 basis points increase year-over-year [6]
Diversified Energy Announces First Quarter Dividend
Globenewswire· 2025-05-12 06:00
Core Points - Diversified Energy Company PLC has declared an interim dividend of 29 cents per share for the first quarter of 2025, covering the period ended March 31, 2025 [1] - Key dates for the dividend include a record date of August 29, 2025, and a payment date of September 30, 2025 [1] - Shareholders have the option to receive the dividend in U.S. dollars or sterling, with a deadline for currency election set for September 5, 2025 [1][2] Company Overview - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [3] - The company employs a differentiated strategy by acquiring existing long-life assets and investing in them to enhance environmental and operational performance [3] - Recognized for sustainability leadership, Diversified aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3]
Shareholders’ Meetings of 9 May 2025
Globenewswire· 2025-05-09 16:00
Core Viewpoint - VGP NV held its Annual and Special Shareholders' Meetings, where all agenda items were approved, including the declaration of a dividend and the appointment of independent directors and auditors [2][4]. Dividend - The Annual Shareholders' Meeting approved a gross dividend payment totaling EUR 90,061,329.06, equating to EUR 3.3 per share for the financial year ending December 31, 2024. The Board of Directors was delegated the authority to determine the payment date and related formalities [3][4]. Company Overview - VGP is a pan-European owner, manager, and developer of high-quality logistics and semi-industrial properties, as well as a provider of renewable energy solutions. The company operates in 18 European countries with approximately 380 full-time employees and has a gross asset value of EUR 7.8 billion and a net asset value (EPRA NTA) of EUR 2.4 billion as of December 2024 [5].
Procedure for the payment of AB Amber Grid dividends for 2024
Globenewswire· 2025-05-09 13:43
Core Points - AB Amber Grid shareholders approved a dividend of EUR 0.0599 per share for the year 2024 during the general meeting held on April 30, 2025 [1] - Dividends will be distributed starting May 26, 2025, with specific procedures for shareholders based on their account management [2] - Taxation on dividends includes a 15% withholding tax for individual residents and a 16% corporate tax for legal entities, with provisions for reduced rates under double taxation agreements [3] Group 1 - The decision on profit distribution and dividend payment was made by AB Amber Grid shareholders [1] - The dividend payment process involves financial brokerage companies and authorized custodians, ensuring compliance with Lithuanian tax laws [2] - Shareholders can submit requests for reduced tax rates by providing necessary documentation to AB Amber Grid by May 19, 2025 [3] Group 2 - For inquiries regarding dividend payouts, shareholders can contact AB SEB bankas or the Head of Communications at AB Amber Grid [4]
Bull of the Day: Agnico Eagle (AEM)
ZACKS· 2025-05-08 11:10
Core Viewpoint - Agnico Eagle Mines Ltd. is experiencing record net income due to soaring gold prices and is expected to return significant cash to shareholders in 2025 [1][3]. Group 1: Financial Performance - In Q1 2025, Agnico Eagle reported earnings of $1.53, surpassing the Zacks Consensus Estimate by $0.14, marking the 13th consecutive earnings beat [2]. - The company achieved payable gold production of 873,794 ounces with an all-in sustaining cost (AISC) of $1,183 per ounce [2]. - Adjusted net income reached new highs alongside a strong free cash flow of $594 million [3]. - The cash position increased by $212 million to $1.138 billion, with total debt outstanding at $1.143 billion and net debt reduced to just $5 million [3]. Group 2: Shareholder Focus - Agnico Eagle has a long-standing commitment to shareholders, paying a quarterly dividend of $0.40, yielding 1.3%, and repurchasing shares [4]. - During the last quarter, the company repurchased 488,047 shares at an average price of $102.44 and plans to renew the share buyback program [4]. Group 3: Analyst Outlook - Analysts are optimistic about Agnico Eagle's performance in 2025, with the Zacks Consensus Estimate for earnings rising to $6.11 from $5.30, indicating a 44.4% growth compared to last year [5]. - The company's shares have significantly outperformed the S&P 500 over the past year and are currently near multi-year highs [6]. Group 4: Valuation Metrics - Agnico Eagle's forward price-to-earnings (P/E) ratio is 19.5, and it has a PEG ratio of 1.0, suggesting a combination of growth and value [8].