Frontline Declares $0.80 Special Dividend
Frontline (FRO) has announced a special dividend of $0.80 per share, payable on September 28 to shareholders of record as of September 18. The ex-dividend date is set for September 17. The move comes amid strong performance in the shipping sector, particularly oil tanker rates which have reached record highs due to increased risks affecting Middle East shipping routes. This has led to a surge in shipping stock prices, with Frontline among those hitting multi-decade highs as demand outstrips capacity through key chokepoints like Hormuz. The special dividend reflects strong earnings and cash flow for the company during Q2 2026, supported by favorable market conditions in global maritime trade.
Tickers: $FRO
Topics: dividends oil tankers shipping industry