Diana Containerships Turns To Profit In Q2; Declares Dividend

(RTTNews) - Shipping company Diana Containerships Inc (DCIX) Tuesday reported second-quarter net earnings of $0.6 million or $0.02 per share compared with a net loss of $5.0 million or $0.16 per share in the comparable quarter last year.

Net time charter revenues for the quarter were $12.53 million compared with $12.25 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.00 per share on revenues of $12.06 million for the quarter. Analysts' estimates typically exclude special items.

Further, the company declared a cash dividend on its common stock of $0.0025 per share, payable on or around September 3, 2014 to all shareholders of record as at August 14, 2014.