Our board of directors may review and amend our dividend policy from time to time in light of our plans for future growth and other factors. We cannot assure that we will be able to pay regular quarterly dividends and our ability to pay dividends will be subject to the restrictions in our credit facilities and the provisions of the laws of the Republic of the Marshall Islands as well as the other limitations discussed in our Annual Report on Form 20-F (File No. 001-34934) under the captions "Dividend Policy" and "Risk Factors."
Dividend Reinvestment Plan
Holders of our common stock may elect to participate in our dividend reinvestment plan (the "Plan") commencing with the dividend to be paid on August 17, 2016 to common shareholders on record as of August 3, 2016. Participation in the plan is optional, and shareholders who decide not to participate in the plan will continue to receive cash dividends, as declares and paid in the usual manner. All dividends with respect to Company common stock are payable only when and as declare by the Company's board of directors.
Record owners of Company common stock may participate in the Plan by submitting a properly completed enrollment form to the American Stock Transfer & Trust, LLC (the "Administrator"). Beneficial owners of Company common stock may participate in the Plan either by becoming a record owner in respect of the shares they woould like to enroll in the PLan and the submitting a properly completed enrollment form to the Administrator or by arranging for the broker, bank or other nominee that is the record owner in respect of such shares to participate in the Plan on their behalf.
For more information on how to enroll or any other inquiries, contact the Administrator by phone at +1 (800) 278-4353 or +1 (718) 921-8283, or via the Internet at www.amstock.com.