Ardmore shipping initiates new quarterly dividend policy

Marks the next stage of the company's capital allocation policy established in 2020 first dividend under new policy expected to commence with quarter ending december 31, 2022 hamilton, bermuda , nov. 2, 2022 /prnewswire/ -- ardmore shipping corporation (nyse: asc) ("ardmore" or the "company") announced today that its board of directors has approved the initiation of a quarterly cash dividend as a component of the company's longstanding capital allocation policy. commencing with the company's performance for the quarter ending december 31, 2022, ardmore intends to pay a quarterly cash dividend equivalent to one-third of adjusted earnings (as defined below) for the applicable quarter.
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