Frontline declares special one-time dividend after asset sale
The company announces a $0.80 per share payout following the sale of two VLCCs, adding to the Q2 dividend for shareholders.
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International seaborne crude oil and refined products tanker operator
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In short: Frontline reported record profits in 2026 and issued multiple dividends as geopolitical tensions drove oil tanker rates to record highs.
The company announces a $0.80 per share payout following the sale of two VLCCs, adding to the Q2 dividend for shareholders.
Preliminary second quarter results will be released on August 28, followed by a live webcast and dial-in options for participant questions.
The transaction will generate net cash proceeds of $179 million and a recorded gain of $110 million, with proceeds returned via a $0.80 per share special dividend.
The company announced financial performance for the period ended March 2026.
Frontline press release (FRO): Q2 Non-GAAP EPS of $2.61. Revenue of $1.02B (+112.5% Y/Y).
Frontline (FRO) declares a $0.80/share special dividend payable Sept. 28. Key dates, ex-div Sept.
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