IMO--- The Board has to be sick about the low stock price for a company - That on the books is worth 17.00 or more. They should start a semi-annual dividend - Anything.. 10 cents is fine..Just to make a statement that things are better.. Hope they listen
They can't son. Their loan covenants prevent them from doing so because the value of their ships has sunk so low. Which leads to the REAL value of your book value calculation being WAY the fuck off in LALA LAND. You won't be seeing dividend for a long time if ever again here. You should ask them to listen to that.