REG - Taylor Maritime Ltd Taylor Maritime -TMI - Dividend Declaration

Taylor MaritimeAnnouncement

25/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250425:nRSY1402Ga&default-theme=true

RNS Number : 1402G  Taylor Maritime Limited  25 April 2025

25 April 2025

 

Taylor Maritime Limited (the "Company" or "TM")

 

Dividend Declaration

 

The Board of Taylor Maritime Limited, the listed specialist dry bulk shipping
company, is pleased to declare an interim dividend in respect of the period to
31 March 2025 of 2 US cents per ordinary share:

 

 Ex Date:                           8 May 2025

 Record Date:                       9 May 2025

 Last day for currency elections:   12 May 2025

 Payment Date:                      30 May 2025

 

 

The default payment for dividends remains in US Dollar, however, dividends are
capable of being paid in sterling, provided that the relevant shareholder has
registered to receive their dividend in sterling under the Company's Dividend
Currency Election. A copy of the Dividend Currency Election form can be
downloaded from the Company's website www.taylormaritime.com
(http://www.taylormaritime.com) . Completed Dividend Currency Election forms
should be sent to the Company's registrar, Computershare Investor Services
(Guernsey) Limited, c/o The Pavilions, Bridgwater Road, Bristol, BS99 6ZY.
CREST shareholders must elect via CREST.

 

Non-CREST shareholders wishing to receive Company dividends by electronic
funds transfer directly to their bank accounts can register for
Computershare's Global Payment Service at www.investorcentre.co.uk
(http://www.investorcentre.co.uk) .

 

ENDS

 

 For further information, please contact:

Taylor Maritime Limited              IR@tminvestments.com (mailto:IR@tminvestments.com)

 Edward Buttery

 Camilla Pierrepont

 Jefferies International Limited      +44 20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 

 

The person responsible for arranging for the release of this announcement on
behalf of the Company is Matt Falla, Company Secretary.

 

Notes to Editors

 

About the Company

Taylor Maritime Limited (formerly Taylor Maritime Investments Limited) is a
shipping company listed under the equity shares (commercial companies)
category of the Official List, with its shares trading on the Main Market of
the London Stock Exchange since May 2021.  Between May 2021 and February
2025, the Company was listed under the closed-ended investment funds category
of the Official List.  The Company's strategy is focused upon providing
investors with an attractive level of regular, stable, growing income, and the
potential for capital growth.  The Group engages in shipping activities,
optimising earnings from safely operating and trading the fleet under an
enhanced strategy, using a mix of time charter, voyage, and CoA cargo cover.

The Company, through its subsidiaries, currently has an owned fleet of 29 dry
bulk vessels (following the completion of one vessel sale post period)
consisting of 19 Handysize vessels and 10 Supra/Ultramax vessels (including
one vessel under JV agreement and 10 vessels held for sale).  The Company
also has six vessels in its chartered in fleet. The ships are employed
utilising a variety of employment/charter strategies.

The Company's target dividend policy is 8 cents p.a. paid on a quarterly
basis.

For more information, please visit www.taylormaritime.com
(http://www.taylormaritime.com/) .

About Geared Vessels

Geared vessels are characterised by their own cargo loading and discharging
equipment. The Handysize and Supra/Ultramax market segments are particularly
attractive, given the flexibility, versatility and port accessibility of these
vessels which carry necessity goods - principally food and products related to
infrastructure building - ensuring broad diversification of fleet activity and
stability of earnings through the cycle.

IMPORTANT NOTICE

The information in this announcement may include forward-looking statements,
which are based on the current expectations and projections about future
events and in certain cases can be identified by the use of terms such as
"may", "will", "should", "expect", "anticipate", "project", "estimate",
"intend", "continue", "target", "believe" (or the negatives thereon) or other
variations thereon or comparable terminology. These forward-looking statements
are subject to risks, uncertainties and assumptions about the Company,
including, among other things, the development of its business, trends in its
operating industry, and future capital expenditures and acquisitions. In light
of these risks, uncertainties and assumptions, the events in the
forward-looking statements may not occur.

References to target dividend yields and returns are targets only and not
profit forecasts and there can be no assurance that these will be achieved.

 

LEI: 213800FELXGYTYJBBG50

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVEAALLAANSEAA