---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-23-000108"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-10T23:57:47.130831+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civeo initiates quarterly dividend of $0.25/share and renews share buyback for 5% of shares

## Summary
- Quarterly dividend of $0.25 per share declared; payable Sept 29, 2023 to holders of record Sept 15, 2023.
- Board renewed share repurchase authorization for up to 5% of total shares outstanding over next twelve months.
- Company cites target net leverage ratio of 1.00x-1.25x and expected consistent cash flow generation.
- Over past two years, Civeo repurchased 12.4% of fully diluted shares (approx. 2.1 million shares).
- Future dividends subject to quarterly Board approval; repurchases funded from cash on hand and operations.

## SEC filing metadata
- accession: 0001590584-23-000108
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000108/0001590584-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058423000108/cveo-20230905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-23-000108
- JSON: https://secwatch.observer/filing/0001590584-23-000108.json
- Plain text: https://secwatch.observer/filing/0001590584-23-000108.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.