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.

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