Oceaneering International Inc.
OIIOceaneering 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
- Consistent Payer: Oceaneering International Inc. has rewarded shareholders with 26 dividend payments over the past 6 years.
- Total Returned Value: Investors who held OII shares during this period received a total of $5.50 per share in dividend income.
- Latest Payout: The most recent dividend of $0.15/share was paid 3052 days ago, on September 15, 2017.
- Yield & Schedule: OII currently pays dividends quarterly with an annual yield of 2.11%.
- Dividend Growth: Since 2011, the dividend payout has grown by 0.0%, from $0.15 to $0.15.
Company News
Robotics stocks experienced significant gains on Wednesday following reports that President Trump is considering an executive order to accelerate robot development in the United States, with pure-play and non-pure-play robotics companies seeing stock price increases.
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.
The global subsea umbilicals, risers and flowlines (SURF) market is expected to grow from $4.6 Billion in 2023 to $10.02 Billion by 2033, driven by rising oil and gas production and exploration activities worldwide. The Europe region and the subsea umbilicals segment are expected to witness the highest growth during the forecast period.
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.
