The Board of Taylor Maritime Investments Limited (“TMI” or the “Company”), the listed specialist dry bulk shipping company, is pleased to declare a special interim dividend in respect of the period to 31 March 2022 of 3.22 US cents per ordinary share.
This takes the total dividends declared for the period from IPO to 31 March 2022 to 8.47 US cents per ordinary share, representing a dividend yield on the Initial Issue Price of approximately 10% on an annualised basis.
| Ex Date:Record Date:Last day for currency elections:Payment Date: | 19 May 202220 May 202223 May 202210 June 2022 |
Commenting on the special interim dividend, Edward Buttery, Chief Executive Officer, said:
“The Board’s approval of a special dividend reflects excess cash generation in what continues to be a historically strong market and we are delighted to be able to return this capital to shareholders in a timely manner.”
The default payment for dividends remains in US Dollar, however, dividends are capable of being paid in sterling, provided that the relevant shareholder has registered to receive their dividend in sterling under the Company’s Dividend Currency Election. A copy of the Dividend Currency Election form can be downloaded from the Company’s website www.taylormaritimeinvestments.com. Completed Dividend Currency Election forms should be sent to the Company’s registrar, Computershare Investor Services (Guernsey) Limited, c/o The Pavilions, Bridgwater Road, Bristol, BS99 6ZY. CREST shareholders must elect via CREST.
Non-CREST shareholders wishing to receive Company dividends by electronic funds transfer directly to their bank accounts can register for Computershare’s Global Payment Service at www.investorcentre.co.uk.
