Euronav CEO defends decision to retain large dividend
The tanker carrier’s chief executive compares the decision of retaining dividends after a strong financial result with a divorce where assets have to be settled before the house is sold.
by DANIEL LOGAN
Belgian tanker operator Euronav presented a full-year profit of more than USD 200m on Thursday this week, but the company will only distribute shareholder dividends to a very limited extent.
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