Frontline Declares $0.80 Special Dividend After Vessel Sale

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Frontline declared a special one-time dividend of $0.80 per share following the sale of two VLCCs. The dividend is payable Sept. 28 to shareholders of record as of Sept. 18, with an ex-dividend date of Sept. 17. The payout follows the company's sale of two very large crude carriers, a transaction the company tied to the special distribution.

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Frontline Ltd
FRO
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Frontline declared a $0.80 special dividend funded by the sale of two VLCCs, a shareholder-return event.