Shipper Frontline resumes dividend payments as oil tanker market booms
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OSLO (Reuters) - Crude oil tanker firm Frontline declared its first dividend in more than two years on Wednesday and said it plans to increase the payout in the fourth quarter as shipping rates continue to rise.The third-quarter dividend of $0.10 per share, its first since early 2017, follows a period of debt repayment and investment in vessels, as well as in scrubber systems that clean shipping exhaust."Based on current market conditions, the company expects the board of directors to announce..