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Overseas Shipholding (OSG) says it will suspend quarterly dividend payments, the latest step by...
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Friday, February 10, 2012, 9:25 AM ETOverseas Shipholding (OSG) says it will suspend quarterly dividend payments, the latest step by the shipper to preserve liquidity. OSG has posted significant losses, as a slump in tanker rates has hurt its top line; high fuel costs also have pressured profitability. Shares -11.2% premarket.
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