Double Hull Tankers sets dividend policy at fixed quarterly dividend of 25c/sh
Jan/05
NEW YORK (Thomson Financial) - Double Hull Tankers Inc.'s board set a dividend policy Friday to provide shareholders with a fixed quarterly dividend of 25 cents a share beginning with fiscal 2008's first dividend payment.
The company recently acquired two suezmax tankers chartered to Overseas Shipholding Group Inc. and expects the tanker market to remain strong enough to allow for future growth opportunities.
Shares of the international tanker company were down 4.4% at $11.61. Melinda Peer mp/tk1.
Source: Hemscott