Seaspan Corporation Series I Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares SSW.P.I

Did anyone know that ..............

[Iseneschal]

SSW has substantially reduced it's next dividend ? Here's an excerpt from their last Financial :

Mr. Wang added, "While we have seen the industry take measures to manage vessel supply and are confident industry conditions will improve over time, after careful consideration the Board of Directors has made the difficult decision to reduce the quarterly dividend on our common shares to $0.125 per share. We believe this decision is in the long-term interests of our shareholders and will allow us to capitalize on industry weakness while maintaining a strong balance sheet."

IMHO....downward pressure still exists. Watching closely just the same.