Diana Containerships financial results for Q1 ended 3/2015

Company Profiles, Container shipping, Containers, Markets, News, Stock Markets — By on May 12, 2015 at 5:26 PM

Diana Shipping officesDIANA CONTAINERSHIPS INC. REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2015

DECLARES CASH DIVIDEND OF $0.0025 PER SHARE FOR THE FIRST QUARTER 

ATHENS, GREECE, May 12, 2015 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $0.5 million for the first quarter of 2015, compared to net income of $0.3 million for the respective period of 2014.

Time charter revenues, net of prepaid charter revenue amortization, were $13.9 million for the first quarter of 2015, compared to $13.5 million for the same period of 2014, mainly due to the decrease of prepaid charter revenue amortization and the increase in ownership days resulting from the enlargement of our fleet, partly offset by decreased average time charter rates.

Dividend Declaration

The Company has declared a cash dividend on its common stock of $0.0025 per share with respect to the first quarter of 2015. The cash dividend will be payable on or around June 10, 2015 to all shareholders of record as at May 26, 2015. As of March 31, 2015 the Company had 73, 890, 581 shares of common stock issued and outstanding.

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