Navios Maritime Holdings Inc. Announces Quarterly Cash Dividend
February 16 2006 - 7:56AM
PR Newswire (US)
PIRAEUS, Greece, Feb. 16 /PRNewswire-FirstCall/ -- Navios Maritime
Holdings Inc ("Navios") (NASDAQ:BULKNASDAQ:BULKUNASDAQ:BULKW), a
leading global brand in dry bulk shipping, today announced that its
Board of Directors has declared the Company's quarterly cash
dividend of $0.0666 per common share, payable on March 13, 2006 to
stockholders of record as of February 27, 2006. Ms. Angeliki
Frangou, Chairman and CEO of Navios commented: "We are very pleased
to set the date for our first quarterly dividend payment to our
shareholders. As we had discussed in November 2005, we acknowledge
the need for current return to compliment the long-term growth
opportunities that Navios presents." About Navios Maritime Holdings
Inc. Navios Maritime Holdings, Inc. is one of the leading global
brands in seaborne dry bulk shipping and is a trusted partner for
industrial end users, shipowners, financial business partners,
agents and brokers. As a public company, Navios is committed to
providing best-in-class service to both customers and business
partners. Navios maintains offices in Piraeus, Greece, South
Norwalk, Connecticut and Montevideo, Uruguay. Navios's stock is
listed on the NASDAQ's National Market System where its Common
Shares, Units and Warrants trade under the symbols "BULK", "BULKU",
"BULKW." Risks and uncertainties are described in reports filed by
Navios Maritime Holdings Inc. with the United States Securities and
Exchange Commission. Safe Harbor This press release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 about Navios Maritime
Holdings Inc. (Navios). Forward looking statements are statements
that are not historical facts. Such forward-looking statements,
based upon the current beliefs and expectations of Navios's
management, are subject to risks and uncertainties, which could
cause actual results to differ from the forward looking statements.
The information set forth herein should be read in light of such
risks. Navios does not assume any obligation to update the
information contained in this press release. Public & Investor
Relations Contact: Navios Maritime Holdings Inc. Investor Relations
212-279-8820 DATASOURCE: Navios Maritime Holdings Inc. CONTACT:
Navios Maritime Holdings Inc., Investor Relations, +1-212-279-8820,
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