Ardmore Shipping saw fourth quarter rates push it back to profitability — and issue its first dividend since 2016.
The Ireland-based, New York-listed tanker owner posted Tuesday morning net income of $1.9m for the last three months of 2019, or $0.06 on a per share basis, or $2.5m profit and $0.08 per share when adjusted for deferred finance fees.
While the earnings per share figure came in slightly less than Wall Street expectations, the modest profit allowed Ardmore to pay a $0.05
