Omega Navigation suspends dividend

http://www.omeganavigation.com/051909.html

Omega Navigation ONAV has suspended their dividend. They last paid a 50ยข distribution in February 2009.

Shares of ONAV are down 39% year-to-date and it is obvious that the market did not believe the distribution was sustainable.

ONAV is now a part of my suspended dividend list and off the dividend paying list of shipping stocks.

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