LONDON (Alliance News) - Tufton Oceanic Assets Ltd said Thursday it proposed dividend of USD0.0175 per ordinary share for the third quarter ended September.
At the end of July, the company proposed a maiden dividend of USD0.015 per share in respect of its second quarter.
The fund manager added that its net asset value at the end of the third quarter to September 30 was USD1.013, down on the second quarter from USD1.016.
Net asset value amounted to USD92.2 million, down from USD92.5 million in the prior quarter.
Tufton shares were untraded at USD1.09 on Thursday.
Tufton Oceanic. (SHIP)