OMI Corporation Announces Increase in Quarterly Dividend and Additional Stock Repurchase Authority.STAMFORD, Conn. -- OMI (1) See Open Market. (2) (Open Microprocessor Initiative, Brussels, Belgium) An organization that functions under the umbrella of the European Commission. It funds projects that research and develop advanced microcontroller technologies. Corporation (NYSE NYSE See: New York Stock Exchange :OMM OMM Organisation Météorologique Mondiale (French: World Meteorological Organization) OMM Organización Meteorológica Mundial (Spanish: World Meteorological Organization) OMM Organizzazione Meteorologica Mondiale ) of Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. announced today that its Board of Directors has increased the regular quarterly dividend on its common stock to $0.125 per share. It declared a dividend in that amount payable on October 11, 2006 to holders of record on October 2, 2006. The Board of Directors also authorized the repurchase of up to an additional $70 million of its common stock bringing the total authorized amount to approximately $113.6 million. OMI is a major international owner and operator of crude oil tankers and product carriers. Its fleet currently comprises 48 vessels, consisting of 13 Suezmaxes and 35 product carriers aggregating approximately 3.6 million deadweight tons. |
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