Opera (NASDAQ:OPRA) announced that its board of directors has declared a semi-annual cash dividend of $0.40 per American Depositary Share (ADS) as part of its recurring dividend program.

Shareholders of record as of July 2, 2024, will be eligible to receive the dividend, which is scheduled for distribution on or around July 15, 2024.

The total dividend payout is approximately $35.4 million, with Opera's cash expense amounting to around $27.6 million.

The remaining $7.8 million will be offset against a receivable from majority shareholder Kunlun Tech.