AI OKTO Corp. Form 6-K — Oct 23, 2026
AI OKTO Corp. (NASDAQ: AIOK), a Limassol-based international LPG shipowner, declared a one-time special dividend of $3.50 per common share on October 23, 2026, payable in cash or shares to holders of record on November 2, 2026, with payment expected around November 25, 2026. Because the dividend exceeds 25% of the current trading price, Nasdaq requires the shares to trade with due bills from the record date through November 25, 2026; buyers during that period receive the dividend while sellers forfeit it. Shareholders may elect to receive the dividend in common shares valued at the 5-day VWAP of $4.5159, though the company can override elections and pay entirely in cash.
Key figures
- Fleet
- two LPG carriers, ~11 years old each, aggregate 0.01 million dwt
- Record date
- November 2, 2026
- Payment date
- on or about November 25, 2026
- Due bill period
- November 2, 2026 through November 25, 2026
- Election deadline
- November 19, 2026 5:00 p.m. ET
- Dividend per share
- $3.50
- Share election price 5day vwap
- $4.5159
AI analysis
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