Euroseas Ltd. declares quarterly dividend

Euroseas Ltd., owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that its Board of Directors has declared a dividend of $0.10 per common share for the second quarter of 2009. The dividend is payable on September 4, 2009 to all the shareholders of record as of August 27, 2009.

Aristides Pittas, Chairman and CEO of Euroseas commented: "We are pleased to declare our 16th consecutive dividend. This dividend indicates our ability and commitment to provide our shareholders with meaningful dividends throughout market cycles without compromising future growth opportunities. Continuing our fleet expansion program that we started in the beginning of 2009 as part of which we bought to date three modern bulkers we continue to explore opportunities to further grow our fleet taking advantage of the prevailing lower asset values."

(Source: Transport Weekly)