The declared dividend of USD 16 million corresponds to a dividend of NOK 142.4 million @USDNOK 8,90, or NOK 4,24 per share.
The share will trade ex dividend on April 27th, record date is April 28th and payment date is May 5th.
By utilizing the continued high market volatility, both in respect of total market levels and relative levels between the Pacific and Atlantic basins, Western Bulk has achieved a record high result for the first quarter of 2022.
Based on the current market outlook a net profit after tax of USD 7 to 9 million is expected for Q2-22.
Western Bulk, press release