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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2011
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS |
25 - SUBSEQUENT EVENTS On February 2, 2012, the Company received a $546 insurance settlement from its insurance underwriters primarily related to the recovery of loss of hire income for the Genco Cavalier. This insurance settlement was not recognized until 2012 upon the approval of the underwriters. On February 21, 2012, Baltic Trading declared a dividend of $0.13 per share to be paid on or about March 9, 2012 to shareholders of record as of March 2, 2012. The aggregate amount of the dividend is expected to be approximately $3.0 million, of which approximately $2.2 million will be paid to minority shareholders, which Baltic Trading anticipates will be funded from cash on hand at the time payment is to be made.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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