Crude Carriers (CRU) Tops Q1 Views; Declares $0.25 Qtr. Dividend; 6.9% Yield

Crude Carriers (NYSE: CRU) reported Q1 loss of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $12.83 million versus the consensus estimate of $9.28 million.

Crude Carriers also declared a quarterly cash dividend of $0.25 per share, $1.00 annualized.

The dividend is payable on June 1, 2011 to shareholders of record on May 23, 2011, with an ex-dividend date of May 19, 2011.

Yield on the dividend is 6.9 percent.

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