Oceaneering International Inc. (OII)
Oceaneering International Inc. is an aerospace and defense company specializing in engineered services and products for the offshore energy, entertainment, and aerospace industries. Founded in 1964, the company provides remotely operated vehicles, deep-sea exploration, subsea hardware, and engineering solutions, primarily serving oil and gas exploration, production, and other subsea applications worldwide.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 15, 2017 | $0.15 | 2017-08-23 | 2017-08-25 |
| June 16, 2017 | $0.15 | 2017-05-24 | 2017-05-26 |
| March 17, 2017 | $0.15 | 2017-02-22 | 2017-02-24 |
| December 16, 2016 | $0.15 | 2016-11-22 | 2016-11-25 |
| September 16, 2016 | $0.27 | 2016-08-24 | 2016-08-26 |
Dividends Summary
- Oceaneering International Inc. has issued 26 dividend payments over the past 6 years
- The most recent dividend was paid 2959 days ago, on September 15, 2017
- The highest dividend payed out to investors during this period was $0.27 per share
- The average dividend paid during this period was $0.21 per share.
Company News
The global remote operated vehicle (ROV) market is projected to grow from USD 2.05 billion in 2024 to USD 5.56 billion by 2034, driven by increasing underwater exploration, offshore infrastructure maintenance, and defense applications.
Oceaneering International has secured multiple contracts in the UK North Sea region for decommissioning, inspection, subsea infrastructure preparation, and installation support services. The contracts will be executed by Oceaneering's UK North Sea hub in Aberdeen, Scotland, using the company's Island Frontier multiservice vessel.
Oceaneering's (OII) Offshore Projects Group segment secures multiple contracts for vessel services in the Gulf of Mexico, boosting fleet utilization with IMR, installation and advanced subsea tech.
Oil producers continue to underinvest in supply, and daily usage levels are expected to hold up for many years, even with the transition to electric vehicles.
