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Frontline plc (FRO.OL) logo

Frontline plc

EURO STOXX 600
FRO.OL|Energy|Oil & Gas Midstream||P/E 22.6|MCap 53.4B|Oslo Bors

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

52/ 100Caution

FRO.OL's dividend shows some areas that warrant monitoring. Strengths include a 54.7% earnings payout ratio & 30.9% fcf payout ratio. Areas of concern: 2.7x interest coverage & 53.6% net debt / total assets.

Based on 15 of 15 metrics

Strengths

  • FCF Payout Ratio: 30.9%Free cash flow comfortably covers the dividend.
  • CFO Payout Ratio: 23.3%Operating cash flow strongly supports the payout.
  • Operating Margin: 44.5%Healthy operating margin provides a wide buffer.

Risks

  • Dividend Cut: YesDividend was cut or suspended in recent history.
  • 5-Year Dividend CAGR: -10.3%Dividend growth has been weak or negative.
  • Interest Coverage: 2.7xInterest coverage is thin relative to debt servicing.

Payout & Coverage

Safe
Earnings Payout Ratio
54.7%Safe
FCF Payout Ratio
30.9%Very Safe
CFO Payout Ratio
23.3%Very Safe
Interest Coverage
2.7xWarning

Balance Sheet

Caution
Net Debt / Total Assets
53.6%Warning
Current Ratio
1.4xCaution
Debt-to-Equity
122.2Caution

Profitability

Safe
Return on Equity
15.6%Safe
Operating Margin
44.5%Very Safe
Gross Margin
46.3%Safe
Profit Margin Stability
VolatileWarning

Dividend Track Record

Warning
Dividend Streak
4 yrsCaution
Dividend Cut
YesDanger
5-Year Dividend CAGR
-10.3%Danger
Earnings Stability
Mostly StableCaution

About Frontline plc

Frontline plc is a leading shipping company specializing in the seaborne transportation of crude oil and refined oil products worldwide. Headquartered in Limassol, Cyprus, and founded in 1985, it operates one of the largest oil tanker fleets globally, ranking among the top by capacity with 81 vessels as of December 31, 2024, including 41 very large crude carriers (VLCCs), 22 Suezmax tankers, and 18 LR2/Aframax tankers. The company engages in owning, chartering in, purchasing, and selling these specialized vessels to facilitate the efficient movement of energy cargoes across key maritime routes amid volatile freight markets. Controlled by billionaire John Fredriksen through Hemen Holding, Frontline plc maintains a strategic focus on crude oil transportation, bolstered by its 2023 acquisition of 24 tankers from Euronav for $2.35 billion, which strengthened its position in the global energy logistics sector. With approximately 85 employees, it plays a critical role in the international oil supply chain, supporting the energy industry's midstream operations.

Dividend Overview

Dividend Yield

4.54%

Annual Dividend

NOK 16.23

Frequency

Quarterly

Payout Ratio

54.71%

FCF Payout Ratio

30.90%

Stock Price

52-Week Range

NOK 126.00 NOK 388.60

Dividend History (2016–2025)

FRO.OL annual dividend per share and yield history

Earnings & Profitability

FRO.OL earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

March 11, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

83.76%

5-Year Dividend CAGR

-10.27%

10-Year Dividend CAGR

-30.10%

3-Year Total Growth

520.55%

5-Year Total Growth

-41.82%

10-Year Total Growth

-97.21%

Income Calculator

FRO.OL Dividend Calculator

Total Investment

NOK 0.00

Annual Income

NOK 1,622.94

Quarterly Income

NOK 405.73

Monthly Income

NOK 135.24

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Frequently Asked Questions

What is FRO.OL's current dividend yield?
Frontline plc (FRO.OL) currently has a dividend yield of 4.54%, based on a stock price of — and an annual dividend of NOK 16.23.
When is FRO.OL's next dividend payment date?
FRO.OL's next ex-dividend date is 2026-03-11 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does FRO.OL pay in dividends per year?
Frontline plc paid NOK 9.35 per share in annual dividends in 2025. The dividends are paid quarterly.
Has FRO.OL been increasing its dividend?
Frontline plc has grown its dividend at a 5-year CAGR of -10.27% and a 10-year CAGR of -30.10%.
Is FRO.OL's dividend safe?
Frontline plc has a payout ratio of 54.71%. Its free cash flow payout ratio is 30.90%. A payout ratio below 60% is generally considered sustainable.
How is FRO.OL's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Frontline plc's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for energy companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.