Navios Maritime Acquisition, Angeliki Frangou’s US-listed tanker arm, said on Thursday it was suspending dividend payments to its shareholders after several years of uninterrupted payouts.
“The board believes such a decision is in the best long-term interests of the company and its stockholders,” Navios Acquisition management said in a statement.
Navios Acqusition has been consistently paying dividends since 2010.
In the third quarter of 2020, however, it slashed its payout to $0.05
