The Baltic Exchange Board of Directors has declared an interim dividend of 45p a share. This is an improvement on last year’s interim dividend of 40p a share.
Baltic Exchange Chairman Guy Campbell said:
“The underlying financial position of the company has been strong. Now that we are confident the Baltex position will be resolved within a very short time, there is good reason to share the company’s financial success with shareholders. The Baltic remains in a good position with membership growing globally and reliance on its benchmark rates increasing. The increased dividend is an expression of confidence in our future.”
The dividend will be paid on 28 January 2015 to shareholders on the register at the close of business on 12 November 2014. The dividend follows payment of a final dividend for the year to 31 March 2014 of £1.75 per share in July.
For all Baltic Exchange share transaction details see www.balticexchange.com/other-services/shares.shtml