Genco Shipping & Trading Limited Further Steps Taken Towards Implementation of New Comprehensive Value Strategy, Increases quarterly cash dividend to $0.05 per share
Less: Reserve Cash flow distributable as dividends For purposes of the foregoing calculation, operating cash flow is defined as voyage revenue less voyage expenses, charter hire expenses, vessel operating expenses, general and administrative expenses other than non-cash restricted stock expenses, technical management fees, and interest expense other than non-cash deferred financing costs. Anticipated uses for the reserve include, but are not limited to, vessel acquisitions, debt repayments, and general corporate purposes. In order to set aside funds for these purposes, the reserve will be set...
Source: hellenicshippingnews.com
