American Shipping Company ASA : Ex-dividend today
February 13 2017 - 2:00AM
Lysaker, 13 February 2017
Reference is made to the Company's Q4 2016 report,
regarding the Board's authorization to pay a quarterly dividend of
USD 0.124 per share to the shareholders of AMSC on record as of 14
February 2017. The shares in American Shipping Company ASA
will be traded ex dividend USD 0.124 as from today, 13 February
2017. Based on the closing NOK/USD exchange rate on 10
February 2017, the NOK amount per share will be 1.039 and will be
paid on or about 22 February 2017. The dividend is classified
as a return of paid in capital.
***
About American Shipping Company ASA:
Established in 2005 and listed on the OSE, AMSC is
a ship owning company with nine modern handy size product tankers
and one modern handy size shuttle tanker on long term bareboat
charter with Overseas Shipholding Group (OSG). OSG charters the
vessels out on time charters to major oil companies in the U.S.
coastwise Jones Act trade. AMSC has a significant contract
backlog as well as a profit sharing agreement with OSG which offers
visibility with respect to future earnings and potential dividend
capacity. The Company has an ambition to
pay attractive dividends to its shareholders. Further
information is available at www.americanshippingco.com.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: American Shipping Company ASA via
Globenewswire
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