STX OSV shares rise to highest in almost a quarter
The shipbuilder’s shares soared following a surprising announcement.
A Reuters report said, “Shares of offshore vessel builder STX OSV Holdings Ltd jumped as much as 4.5 percent to their highest level in nearly three months, after it announced higher-than-expected dividends in the second quarter.”
STX OSV declared a special interim dividend of 13 Singapore cents, compared to last year’s 5 Singapore cents.
View the report here.