Replies to post #214 on Performance Shipping Inc (PSHG)

[surfer44]

They would really like to have 10 ships to optimize operations. It might be a better use of cash to get their 2 ships. But at the same time asset prices may be going up :-( ..... :-)

[surfer44]

I have a dividend etf. BOAT. May be the best dividend etf in the market. :-)

[S-BEES-BUMBLEBEE]

$40M CASH!!! $PSHG $$$$$$$

[S-BEES-BUMBLEBEE]

$36.3M NET PROFITS 2022 & MC @11M ONLY >>> INSANE!!

[S-BEES-BUMBLEBEE]

I WANT DIVIDEND!

In accordance with our dividend policy, and taking into account the above-listed factors, we expect to pay dividends only if during the preceding quarter Quarterly Cash Flow is positive and Quarter-End Excess Cash is also positive. As a general guideline, the amount of any such dividends is expected to be based on a pay-out ratio of the lower of i) Quarterly Cash Flow; and ii) Quarter-End Excess Cash. So long as our end of quarter outstanding debt exceeds our equity market capitalization our pay-out ratio is expected to be 50%. We will consider increasing the pay-out ratio gradually up to a maximum level of 90% that we may achieve when our end of quarter outstanding debt is less than 10% of our equity market capitalization. Quarter-End Excess Cash is defined as actual end of quarter Cash and Cash Equivalents over our Minimum Cash Threshold. Minimum Cash Threshold is defined as the sum of minimum liquidity pursuant to our loan agreements and $1.5 million per vessel. Our bank facilities currently require us to maintain minimum liquidity of $5.0 million.

The dividends are on the way... $PSHG

[S-BEES-BUMBLEBEE]

Dividends on the way!? $PSHG

Quote: "In accordance with our dividend policy, and taking into account the above-listed factors, we expect to pay dividends only if during the preceding quarter Quarterly Cash Flow is positive and Quarter-End Excess Cash is also positive. As a general guideline, the amount of any such dividends is expected to be based on a pay-out ratio of the lower of i) Quarterly Cash Flow; and ii) Quarter-End Excess Cash. So long as our end of quarter outstanding debt exceeds our equity market capitalization our pay-out ratio is expected to be 50%. We will consider increasing the pay-out ratio gradually up to a maximum level of 90% that we may achieve when our end of quarter outstanding debt is less than 10% of our equity market capitalization. Quarter-End Excess Cash is defined as actual end of quarter Cash and Cash Equivalents over our Minimum Cash Threshold. Minimum Cash Threshold is defined as the sum of minimum liquidity pursuant to our loan agreements and $1.5 million per vessel. Our bank facilities currently require us to maintain minimum liquidity of $5.0 million.
The dividends are on the way
I WANT DIVIDEND !"