Tag Archives: ONAV

Shipping Stocks Dividends 2009, Part IV

By Tim | Published: June 8, 2009
I have been reviewing the dividends or distributions paid by the shipping stocks I follow during the 1st half of 2009. 25 stocks paid some level of dividend and I have been listing and reviewing them from the lowest payout to the highest. Here are the payors 16 through 20 on my list. The stocks are [...]
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Omega Navigation Enterprises first quarter results

By Tim | Published: June 4, 2009
[www.omeganavigation.com]. Omega Navigation Enterprises is a product tanker company with 9 tankers in it’s fleet. The bulk of the fleet is on time charter contracts with profit sharing. Earnings results are linked above. The first quarter 2009 numbers look a lot like the same quarter of 2008. Revenues were almost exactly the same. Net income from continuing [...]
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Omega Navigation suspends dividend

By Tim | Published: May 19, 2009
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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