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Author: NozRydr Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3602  
Subject: TEU (Box Ships) Q3 Earnings Call Transcript Date: 8/7/2013 11:33 AM
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<<...second quarter 2013 results represent our ninth profitable quarter as a public company. Our adjusted time charter revenue during the second quarter of 2013 was $19 million for our nine vessels while our adjusted EBITDA was $11.4 million. We reported adjusted net income of $5.5 million or $0.20 per basic share and $0.18 per diluted share after adjusting for the dilution factor if we were to convert the recently retired Series B-1 preferred shares, an improvement year-over-year due to the increased average number of vessels.

More importantly, we announced that our Board of Directors approved our ninth quarterly dividend of $0.12 per common share based on our second quarter results payable on September 17 to shareholders at record on September 10, which is in line with our previously stated guidance and offers a material dividend yield of 11.5% annually. This brings the total amount of dividends paid to shareholders to $1.99 per share since our IPO in 2011...>>
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