Norwegian oil and gas operator DNO announced its board of directors approved a dividend payment of NOK 0.25 per share (US $0.022), pursuant to the authorization granted at its annual general meeting held May 25, according to a Nov. 9 press release.

The dividend is payable by Nov. 24 to shareholders on record as of Nov. 17, the release stated. The company’s shares will be traded ex- dividend as of Nov. 16.