General Maritime Corporation Declares Third Quarter 2009 Dividend of $0.125 Per Share
November 12 2009 - 4:09PM
PR Newswire (US)
NEW YORK, Nov. 12 /PRNewswire-FirstCall/ -- General Maritime
Corporation (NYSE:GMR) today announced the Company's Board of
Directors declared a quarterly dividend for the three months ended
September 30, 2009 of $0.125 per share. The dividend is payable on
December 4, 2009 to shareholders of record as of November 23, 2009.
Including the Q3 2009 dividend, General Maritime has declared
cumulative quarterly and special dividends of $21.615 per share.
About General Maritime Corporation General Maritime Corporation is
a leading provider of international seaborne crude oil
transportation services. General Maritime also provides
transportation services for refined petroleum products. General
Maritime's vessels operate principally within the Atlantic basin,
which includes ports in the Caribbean, South and Central America,
the United States, West Africa, the Mediterranean, Europe and the
North Sea. General Maritime also currently operates tankers in
other regions including the Black Sea and Far East. General
Maritime owns a fully double-hull fleet of 31 tankers - two Very
Large Crude Carriers, twelve Aframax, eleven Suezmax tankers, two
Panamax and four Handymax product tankers - with a total carrying
capacity of approximately 4.0 million dwt. "Safe Harbor" Statement
Under the Private Securities Litigation Reform Act of 1995 This
press release contains forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
management's current expectations and observations. Included among
the factors that, in the Company's view, could cause actual results
to differ materially from the forward looking statements contained
in this press release are those listed from time to time in the
Company's filings with the Securities and Exchange Commission,
including, without limitation, its Annual Report on Form 10-K for
the year ended December 31, 2008 and its subsequent reports on Form
10-Q and Form 8-K. The Company's ability to pay dividends in any
period will depend upon factors including applicable provisions of
Marshall Islands law and the final determination by the Board of
Directors each quarter after its review of the Company's financial
performance. The timing and amount of dividends, if any, could also
be affected by factors affecting cash flows, results of operations,
required capital expenditures, or reserves. As a result, the amount
of dividends actually paid may vary from the amounts currently
estimated. DATASOURCE: General Maritime Corporation CONTACT:
Jeffrey D. Pribor, Chief Financial Officer, General Maritime
Corporation, +1-212-763-5680
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