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Navios Maritime Holdings Inc. Message Board

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  • lookoutgrady lookoutgrady May 29, 2008 8:03 AM Flag

    Announces Dividend of $0.09 per share

    Dividend
    􀁺 Amount: $0.09 per share for Q1 2008
    􀁺 Record Date: June 18, 2008
    􀁺 Payment Date: June 30, 2008
    Also like the repurchase program

    􀂋 Share Repurchase Program
    􀁺 362,900 shares repurchased in Q1 2008 for approx. $3.4 million
    (average share price of $9.30)
    􀁺 Board approved repurchase of up to $50.0 million of shares
    􀁺 Cash purchases in open market from time to time
    􀁺 Program will be reviewed periodically
    􀂋 Capital Structure: • Shares outstanding as at March 31, 2008 = 106.1 million (approx.) • Warrants outstanding as at March 31, 2008 = 7.8 million (approx.)

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