GasLog Ltd. Declares Dividend on Series A Preference Shares

Rhea-AI Summary

GasLog Ltd. announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preference Shares. The payment is scheduled for October 1, 2021, for shareholders on record as of September 30, 2021. GasLog operates a fleet of 35 LNG carriers, with 17 owned by the company and 15 held by its subsidiary, GasLog Partners. This dividend reflects the company's commitment to shareholder returns amidst its operational strategy in the LNG logistics sector.

Positive

• Dividend of $0.546875 per share signifies commitment to shareholder returns.
• Stable fleet of 35 LNG carriers supports operational reliability.

Negative

• Dependence on LNG market conditions may impact future dividends.

Hamilton, Bermuda, Sept. 17, 2021 (GLOBE NEWSWIRE) -- GasLog Ltd. (“GasLog” or “Company”) today announced a dividend of $0.546875 per share on its 8.75% Series A Cumulative Redeemable Perpetual Preference Shares, payable on October 1, 2021 for all shareholders of record as of September 30, 2021.

Contacts: 

Joseph Nelson 
Head of Investor Relations 
Phone: +1 212-223-0643 

Email: ir@gaslogltd.com 

About GasLog 

GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog’s consolidated fleet consists of 35 LNG carriers. Of these vessels, 17 are owned by GasLog, three have been sold to a subsidiary of Mitsui & Co. Ltd. to CMBFL and ICBC respectively, and leased back by GasLog under long-term bareboat charters and the remaining 15 LNG carriers are owned by the Company’s subsidiary, GasLog Partners.

FAQ

What is the dividend amount announced by GasLog Ltd.?

GasLog Ltd. announced a dividend of $0.546875 per share.

When is the dividend payment date for GasLog Ltd.?

The dividend payment date is October 1, 2021.

What is the record date for GasLog Ltd.'s dividend?

The record date for the dividend is September 30, 2021.

How often does GasLog Ltd. pay dividends?

The payment frequency of dividends has not been specified in the press release.

What types of shares are receiving dividends from GasLog Ltd.?

The dividends are for the 8.75% Series A Cumulative Redeemable Perpetual Preference Shares.