Dividend History

Declaration	Amount Per Share	Payable	Record Date
May 7, 2018	$0.024830	June 11, 2018	May 25, 2018
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.