Dividend History

Declaration Amount Per Share Payable Record Date
February 7, 2018 $0.023975 March 8, 2018 February 20, 2018
October 17, 2017 $0.023975 November 14, 2017 October 27, 2017
July 7, 2017 $0.068878 August 4, 2017 July 20, 2017
April 11, 2017 $0.039553 May 15, 2017 May 1, 2017
February 27, 2017 $0.017412 March 31, 2017 March 15, 2017

Dividend Policy

The payment of dividends is not guaranteed or assured and may be discontinued at any time at the discretion of our board of directors. Because we are a holding company with no material assets other than the stock of our subsidiaries, our ability to pay dividends will depend on the earnings and cash flow of our subsidiaries and their ability to pay dividends to us. If there is a substantial decline in the drybulk, tanker, LPG or offshore support charter market, our earnings would be negatively affected thus limiting our ability to pay dividends. Marshall Islands law generally prohibits the payment of dividends other than from surplus or while a company is insolvent or would be rendered insolvent upon the payment of such dividend.