Drillship sale let DVD repay all debt and pay NOK 20.60-per-share special dividend
DVD reported that proceeds from the drillship sale funded full repayment of a $125m loan and an extraordinary dividend of NOK 20.60 per share.
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what happened
According to TradingView, the drillship sale drove DVD's reported operating profit so far this year. The $125m loan has been fully repaid. In October, nearly all available funds were distributed to shareholders.
The company says its priorities remain exploring strategic alternatives and selling spare parts.
why it matters
For investors, the key point is that the company has cleared its debt and returned most of its capital to shareholders. The NOK 20.60-per-share extraordinary dividend materially affects cash flow for holders of the stock, though any future payouts will depend on the outcome of the strategic review and parts sales.
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sources
- DVD: Drillship sale funded full debt repayment and a NOK 20.60-per-share extraordinary dividend — TradingView, 29 October 2026 at 06:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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