Diana Shipping Inc. (NYSE:DSX) Q4 2022 Earnings Conference Call February 22, 2023 9:00 AM ET
Company Participants
Edward Nebb - IR
Semiramis Paliou - Chief Executive Officer
Anastasios Margaronis - President
Ioannis Zafirakis - CFO and CSO
Conference Call Participants
Operator
Greetings and welcome to Diana Shipping Inc. 2022 Fourth Quarter and Year End Conference Call and Webcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Edward Nebb, IR Advisor. Please go ahead.
Edward Nebb
Well, thank you, Brock and thank you everyone who is joining us for the Diana Shipping, Inc. fourth quarter year end conference call. With us today from the company are, Semiramis Paliou, Chief Executive Officer; and in a moment she will introduce the other persons present from the company. And so without further ado, I will turn it over to Ms. Paliou
Semiramis Paliou
Thank you, Ed. Good morning, ladies and gentlemen, and welcome to Diana Shipping Inc.'s fourth quarter and end of the year 2022 earnings call. My name is Semiramis Paliou, the company's CEO, and it is an honor to have the opportunity to present to you today.
Joining me today this morning, we have Mr. Anastasios Margaronis, President of Diana Shipping; Mr. Ioannis Zafirakis, CFO, and Chief Strategy Officer; Mr. Eleftherios Papatrifon, Director of Diana Shipping Inc. and Ms. Maria Dede, the company’s Chief Accounting Officer.
Before I begin, I kindly ask everyone to review the forward-looking statements applicable to today's presentation, which can be found on Page 4 of the accompanying fourth quarter and end of the year presentation.
2022 has been another profitable year for our company, it has also has been a very busy and productive one. While market conditions have become less robust, over the last quarter and into 2023, our disciplined chartering strategy has allowed us to continue generating attractive free cash flows. As a result, not only have we announced another cash dividend for this quarter, but for the first time since our public listing, we have also provided guidance of our intention to declare cash dividend of at least $0.15 per share for the next three quarters.
Additionally, as a result of prudent and creative sale and purchase activity, the company announced today another special dividend in kind in the form of OceanPal Series D Convertible Preferred Shares. We believe that the combination of the cash and the in kind dividend is a true testament of our will to keep rewarding our shareholders when conditions are favorable.