Daily Dividend Report: GMR, PEP, LO, EL, MAT

This morning, General Martime (GMR) declared its quarterly dividend of 12.5 cents per share, a reduction of seventy five percent from the dividend paid last quarter. As was announced with the company’s quarterly results last month, the amendment to the company's credit facility prevents the company from paying a dividend greater than 12.5 cents per share, meaning the comapny is paying the maximum dividend allowed.