Frontline Declares Special $0.80 Dividend Following Sale of VLCC Vessels

Key Facts

1Frontline's Board of Directors declared a special one-time cash dividend of $0.80 per share.

2The dividend follows the completed sale of two Very Large Crude Carriers (VLCCs) announced in August 2026.

3The special dividend is in addition to the previously declared Q2 2026 dividend of $2.61 per share.

In a move reflecting the shipping sector's strategy of capital recycling, Frontline's Board of Directors has declared a special one-time cash dividend of $0.80 per share. This payout follows the successful completion of the sale of two Very Large Crude Carriers (VLCCs) originally announced in August 2026. According to reports, this special dividend is incremental to the previously declared Q2 2026 dividend of $2.61 per share.

The additional payout occurs amidst significant energy sector developments, with market data showing FRO shares closed at $48.4 on September 10, 2026. This decision underscores the company's commitment to returning asset sale proceeds to shareholders, potentially strengthening investor sentiment within the crude oil transportation industry as it navigates global supply dynamics.

Investors should note that FRO shares closed at $48.4 on September 10, 2026, after hitting a day high of $48.72. Market participants continue to monitor the impact of recent energy catalysts, such as the OPEC meeting held on September 6, which remains a primary driver for crude tanker demand and overall shipping sector performance.