Ardmore Shipping Corporation (NYSE:ASC) ("Ardmore" or the "Company") today announced that its Board of Directors has declared a cash dividend of $0.10 per share for the quarter ended December 31, 2013. The cash dividend is payable on February 14, 2014 to all shareholders of record on January 31, 2014.
Anthony Gurnee, the Company’s Chief Executive Officer commented:
“Following our payment last quarter of a pro-rated dividend for the period August 1, 2013 to September 30, 2013, we are pleased to declare our first full quarterly dividend of $0.10 per share. This dividend is in line with our previously stated intention to pay our shareholders quarterly dividends of $0.10 per share, or $0.40 per share per year. Ardmore remains committed to the issuance of a regular quarterly dividend as an important means of creating value for our shareholders.”
About Ardmore Shipping Corporation:Ardmore owns and operates a modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company is engaged in the seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies. Additional information is available at the Company's website www.ardmoreshipping.com, which is not a part of this press release. Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.