New York-listed Eagle Bulk Shipping has gone from strength to strength with another fat shareholder payout during what is seasonally the weakest quarter for the dry bulk market.
The Gary Vogel led owner reported adjusted net income of $64.5m, or $4.97 per adjusted basic share, a figure that topped consensus analyst estimates of $4.36 per share.
Eagle paid a quarterly shareholder dividend of $2, nearly matching the $2.05