Excel Maritime (EXM) Boosts Qtr Minimum Dividend Guidance 100% To $0.40/Share
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Excel Maritime Carriers Ltd (NYSE: EXM) announced that the Board of Directors has increased the Company's minimum annualized dividend guidance to $1.60 and has set the 2008 minimum annualized dividend guidance to $1.20. This guidance would result in a minimum quarterly dividend of $0.40 per common share beginning with the dividend declared for the second quarter of 2008.
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