Grindrod Shipping — the Singapore-based bulk carrier owner — has rewarded its shareholders with its first substantial dividend.
The Nasdaq-listed shipowner said it will payout 72 US cents per share to investors, a payout equivalent to 30% of the company’s net income for the third quarter.
The Martyn Wade-led shipowner booked a third-quarter profit of just over $49m, reversing a $14.7m
