Quarterly Dividend Announcement by Civeo Corporation

HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–Civeo Corporation (NYSE:CVEO) announced today that its board of directors has declared a quarterly cash dividend of $0.25 per common share, payable on March 17, 2025 to shareholders of record as of close of business on February 24, 2025.

For purposes of the Income Tax Act (Canada), the Company has designated this dividend to be an “eligible dividend”.

About Civeo: Civeo Corporation is a leading provider of hospitality services with a prominent market presence.

Civeo Corporation, a well-known provider of hospitality services, has declared a quarterly cash dividend of $0.25 per common share. This dividend is scheduled to be paid on March 17, 2025, to shareholders of record as of February 24, 2025. The Company has designated this dividend as an “eligible dividend” for tax purposes under the Income Tax Act (Canada).

This announcement reflects Civeo Corporation’s commitment to providing returns to its shareholders while maintaining financial stability and growth in the market. The declaration of a quarterly dividend signifies the Company’s confidence in its performance and its ability to generate consistent cash flow.

Shareholders can expect to receive the dividend payment in mid-March, providing them with a tangible benefit from their investment in Civeo Corporation. This dividend payment demonstrates the Company’s focus on creating value for its shareholders and rewarding them for their continued support.

How This Will Affect You:

As a shareholder of Civeo Corporation, the declaration of a quarterly dividend of $0.25 per common share will provide you with a direct financial benefit. You can expect to receive this dividend payment on March 17, 2025, if you are recorded as a shareholder as of February 24, 2025. This dividend can contribute to your overall investment returns and serve as a reward for your investment in the Company.

How This Will Affect the World:

The declaration of a quarterly dividend by Civeo Corporation reflects positively on the Company’s financial health and stability. This announcement can have a broader impact on the market, signaling to investors and stakeholders that Civeo Corporation is a reliable and profitable entity. As a leading provider of hospitality services, Civeo Corporation’s actions can influence industry trends and investor confidence in the sector.

Conclusion:

Overall, the announcement of a quarterly dividend by Civeo Corporation is a positive development for both shareholders and the broader market. This dividend payment demonstrates the Company’s commitment to creating value for its shareholders and maintaining financial stability. As a shareholder, you can look forward to receiving the dividend payment in March, while the market can view this announcement as a sign of Civeo Corporation’s strong performance and market presence.