Tufton Oceanic Assets Ltd. NAV, Dividend Declaration & Dividend Target Raised (1646D)
18 Octobre 2022 - 8:00AM
UK Regulatory
TIDMSHIP TIDMSHPP
RNS Number : 1646D
Tufton Oceanic Assets Ltd.
18 October 2022
18 October 2022
Tufton Oceanic Assets Limited
("Tufton Oceanic Assets" or the "Company")
3Q22 Net Asset Value and Dividend Declaration; Dividend Target
Raised
Tufton Oceanic Assets announces that as at 30 September 2022 the
unaudited net asset value ("NAV") was $456.3 million (GBP408.8
million*) and the unaudited NAV per ordinary share was $1.479
(GBP1.325*). The NAV total return for the quarter was 3.3%.
The Company is pleased to announce a dividend of $0.02 per
ordinary share for the quarter ending 30 September 2022. The
dividend will be paid on 11 November 2022 to holders of ordinary
shares recorded on the register as at close of business on 28
October 2022 with an ex-dividend date of 27 October 2022.
Encouraged by strong visible cash flows from increased charter
cover, diversification and continued supply-side recovery, the
Company has raised its target annual dividend from $0.080 to $0.085
per share, to commence from 4Q22. After the increase, the Company
is forecast to have a dividend cover of c.1.8x over the next 18
months.
The Company's quarterly factsheet as at 30 September 2022 will
shortly be available on the Company's website in the Investor
Relations section under Company Documents at
www.tuftonoceanicassets.com/quarterly-reports .
*30 September 2022 closing mid-rate of USD/GBP 0.8958. Source:
Morningstar
For further information, please contact:
Tufton Investment Management Ltd (Investment
Manager)
Andrew Hampson
Paulo Almeida +44 (0) 20 7518 6700
Singer Capital Markets
James Maxwell, Alex Bond (Corporate Finance)
Alan Geeves, James Waterlow, Sam Greatrex
(Sales) +44 (0) 20 7496 3000
Hudnall Capital LLP
Andrew Cade +44 (0) 20 7520 9085
About the Company
Tufton Oceanic Assets Limited invests in a diversified portfolio
of secondhand commercial sea-going vessels with the objective of
delivering strong cash flow and capital gains to investors. The
Company's investment manager is Tufton Investment Management Ltd.
The Company has raised a total of approximately $316.5m (gross)
through its Initial Public Offering on the Specialist Fund Segment
of the London Stock Exchange on 20 December 2017 and subsequent
capital raises.
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 or visit 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.
END
NAVMRBFTMTTBBMT
(END) Dow Jones Newswires
October 18, 2022 02:00 ET (06:00 GMT)
Tufton Oceanic Assets (LSE:SHIP)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Tufton Oceanic Assets (LSE:SHIP)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024