Euroseas plans to provide consistent quarterly shareholder dividends over the next three years after making the first payout to common shareholders in several years.

The New York-listed owner of 18 container ships announced on Monday that it would give the first-quarter bonus of $0.50 per share to these stakeholders, breaking a dividend dry spell that began in 2014.

Since then, Athens-based Euroseas had been paying dividends in cash or in-kind on preferred shares that were partly owned by Pittas or others affiliated with the company.