American Shipping Company ASA : Ex-dividend today
August 22 2016 - 2:00AM
Lysaker, 22 August 2016, Reference is made to the
Company's Q2 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 23 August 2016. The shares in
American Shipping Company ASA will be traded ex dividend USD 0.124
as from today, 22 August 2016. Based on the closing NOK/USD
exchange rate on 19 August 2016, the NOK amount per share will be
1.02 and will be paid on or about 31 August 2016. 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 OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#2036221
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