Dividend Policy

It is the Company's policy to pay a semi-annual cash dividend to the Company's shareholders. The amount to be paid is determined each year by the Board of Directors according to the financial situation of the Company and its investment plans.

Historical Dividends/Split Summary

Declared

Ex-Date

Record

Payable

Common

Class B

Type

Nov.13.08

Nov.24.08

Nov.26.08

Dec.10.08

$0.500

N/A

Regular
Cash

Feb.07.08

May.19.08

May.21.08

Jun.04.08

$0.500

N/A

Regular
Cash

Nov.08.07

Nov.26.07

Nov.28.07

Dec.12.07

$0.500

N/A

Regular
Cash

Feb.08.07

Jun.18.07

Jun.20.07

Jul.05.07

$0.500

N/A

Regular
Cash

Nov.09.06

Nov.16.06

Nov.20.06

Dec.06.06

$0.500

N/A

Regular
Cash

Feb.02.06

May.30.06

Jun.01.06

Jun.15.06

$1.000

N/A

Regular
Cash

Nov.17.05

Nov.28.05

Nov.30.05

Dec.14.05

$1.000

N/A

Regular
Cash

Mar.11.05

Jun.13.05

Jun.15.05

Jun.30.05

$2.000

N/A

Regular
Cash

Mar.12.03

May.12.03

May.14.03

May.28.03

$0.125

N/A

Regular
Cash

Nov.15.02

Dec.02.02

Dec.04..02

Dec.18.02

$0.125

N/A

Regular
Cash

Feb.15.02

May.09.02

May.13.02

May.29.02

$0.125

N/A

Regular
Cash

Nov.14.01

Dec.03.01

Dec.05.01

Dec.19.01

$0.125

N/A

Regular
Cash

Feb.15.01

May.03.01

May.07.01

May.23.01

$0.125

N/A

Regular
Cash

On Mar.07.01 Stolt-Nielsen S.A. reclassified non-voting Class B
Share as Common Shares on a one-for-one basis

Nov.09.00

Dec.04.00

Dec.06.00

Dec.20.00

$0.125

$0.125

Regular
Cash

Feb.15.00

Apr.28.00

May.02.00

May.18.00

$0.125

$0.125

Regular
Cash

Nov.16.99

Nov.29.99

Dec.01.99

Dec.15.99

$0.125

$0.125

Regular
Cash

Feb.11.99

Apr.29.99

May.03.99

May.19.99

$0.125

$0.125

Regular
Cash

Nov.19.98

Nov.30.98

Dec.02.98

Dec.16.98

$0.25

$0.25

Regular
Cash

Mar.04.98

Apr.30.98

May.04.98

May.20.98

$0.25

$0.25

Regular
Cash

Nov.18.97

Dec.01.97

Dec.03.97

Dec.17.97

$0.25

$0.25

Regular
Cash

Mar.07.97

May.08.97

May.12.97

May.28.97

$0.25

$0.25

Regular
Cash

Nov.20.96

Dec.03.96

Dec.05.96

Dec.19.96

$0.25

$0.25

Regular
Cash

Mar.11.96

May.15.96

May.17.96

Jun.05.96

$0.25

$0.25

Regular
Cash

Dec.01.95

Dec.26.95

Dec.29.95

Jan.02.96

Stock Dividend of 1 Class B Share
for Every 2 Common Shares Held

Jul.17.95

Jul.26.95

Jul.28.95

Aug.15.95

$0.30

N/A

Regular
Cash

May.05.95

May.09.95

May.12.95

May.31.95

$0.25

N/A

Regular
Cash

May.19.92

Jun.22.92

Jun.26.92

Jul.15.92

$0.05

N/A

Regular
Cash

Nov.26.91

Dec.20.91

Dec.27.91

Jan.17.92

$0.30

N/A

Regular
Cash

May.03.91

Jun.24.91

Jun.28.91

Jul.19.91

$0.30

N/A

Regular
Cash

Nov.28.90

Dec.21.90

Dec.28.90

Jan.18.91

$0.30

N/A

Regular
Cash

Apr.25.90

Jun.25.90

Jun.29.90

Jul.20.90

$0.30

N/A

Regular
Cash

Nov.28.89

Dec.22.89

Dec.29.89

Jan.19.90

$0.30

N/A

Regular
Cash

May.03.89

Jun.26.89

Jun.30.89

Jul.20.89

$0.25

N/A

Regular
Cash

Nov.30.88

Dec.23.88

Dec.30.88

Jan.20.89

$0.25

N/A

Regular
Cash