Dividends & Buybacks ·
Ardmore declares $0.27 quarterly dividend and reports Q3 net income of $16.3 million
ASCArdmore Shipping Corp
Ardmore Shipping declared a cash dividend of $0.27 per common share for the quarter ended September 30, 2026, payable on December 15 to shareholders of record as of November 27. The company reported net income attributable to common stockholders of $16.3 million, or $0.40 per diluted share, for the third quarter, compared to $12.1 million in the prior year period. For the nine months ended September 30, 2026, net income reached $100.4 million, or $2.45 per diluted share, driven by higher spot charter rates and a $12.2 million gain on the sale of the Ardmore Engineer. The company also sold the Ardmore Endeavour for $34.3 million and exercised options to build two additional Handysize tankers at Wuhu Shipyard. Ardmore Shipping operates as an integrated shipping company transporting refined petroleum products, chemicals, and other liquid goods via tanker vessels.