Scorpio Bulkers Inc. Announces Financial Results for the Fourth Quarter of 2019 and Declares a Quarterly Cash Dividend
SCORPIO BULKERS INC (SALT)
Last scorpio bulkers inc earnings: 1/27 07:47 am
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US:NYSE Investor Relations:
scorpiobulkers.com/investors/shareholder-services/dividend-tax-treatment/2018
Company Research
Source: GlobeNewswire
MONACO, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (“Scorpio Bulkers”, or the “Company”), today reported its results for the three months ended December 31, 2019. The Company also announced that on January 27, 2020, its Board of Directors declared a quarterly cash dividend of $0.02 per share on the Company’s common shares. Results for the Three and Twelve Months Ended December 31, 2019 and 2018 For the fourth quarter of 2019, the Company’s GAAP net income was $15.1 million, or $0.21 per diluted share, including: a non-cash gain of approximately $46.1 million and cash dividend income of $0.5 million, or $0.66 per diluted share, primarily from the Company’s equity investment in Scorpio Tankers Inc.;a write-down of assets held for sale of approximately $25.2 million, or $0.36 per diluted share, related to the classification of four Ultramax vessels as held for sale; anda write-off of approximately $0.2 million of deferred financing costs on the credit facil
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