Diana Containerships Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Declares Cash Dividend of $0.0025 per Share for the Second Quarter
ATHENS, GREECE, July 30, 2015 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported net income of $0.9 million for the second quarter of 2015, compared to net income of $0.6 million for the respective period of 2014.
Time charter revenues, net of prepaid charter revenue amortization, were $17.3 million for the second quarter of 2015, compared to $12.5 million for the same period of 2014, mainly due to the enlargement of our fleet, resulting from the acquisition of five vessels from September 2014 to April 2015, partly offset by reduced time charter rates.
Net income for the six months ended June 30, 2015 amounted to $0.4 million, compared to net income of $0.9 million for the same period of 2014. Time charter revenues, net of prepaid charter revenue amortization, for the six months ended June 30, 2015, amounted to $31.2 million, compared to $26.0 million for the same period of 2014.
The Company has declared a cash dividend on its common stock of $0.0025 per share with respect to the second quarter of 2015. The cash dividend will be payable on or around September 9, 2015 to all shareholders of record as at August 18, 2015. As of June 30, 2015 the Company had 73,890,581 shares of common stock issued and outstanding...