OceanPal, a New York-listed spinoff of Diana Shipping with three older bulkers, is certainly starting on friendly terms with its shareholders.
The fledgling owner on Tuesday issued a $0.05 dividend for the fourth quarter, just four months after it began trading on the Nasdaq stock exchange
Diana shareholders received one share of OceanPal stock for every 10 shares of Diana Shipping stock through a direct distribution of all OceanPal shares.
