Paragon Shipping (PRGN) Posts Q3 adj.-EPS of $0.17, Tops by 5c; Declares $0.05 Quarterly Dividend; 5.2% Yield

Paragon Shipping Inc. (NYSE: PRGN) reports Q3 adjusted EPS of $0.17, 5 cents better than the analyst estimate of $0.12. Revenue for the quarter came in at $28.74 million, versus the consensus estimate of $28.28 million. The Company’s Board of Directors declared a quarterly dividend of $0.05 per Common share, $0.20 annualized. The dividend is payable on or about December 6, 2010 to shareholders of record as of the close of business on November 26, 2010. The ex-dividend date is November 24, 2010. Yield on the dividend is 5.2%.... Read more

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