d’Amico International Shipping Announces $40 Million Interim Dividend and 2026 Payout Targets
d’Amico International Shipping S.A. (DMCOF) has outlined an interim dividend of $40 million as part of its ongoing capital return strategy. Looking ahead, the company is targeting a payout ratio in line with 55% by 2026. During the Q3 earnings call, CFO Federico Rosen provided updates on fleet composition and expansion. As of late September, the company's active fleet consists of 28 vessels, including 6 LR1 tankers and 16 MR tankers. Additionally, d’Amico is actively growing its capacity with 10 vessels currently under construction.
Topics: fleet composition quarterly results vessel construction