Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 57

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 57
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ise versus physical presence;

and (ii) Pillar

Two

compels

multinational

corporations

with €750

million

or

more

in

annual

revenue

to

pay

a

global

minimum tax of 15%

on income received in

each country in which they

operate. The reforms aim to level

the playing

field between

countries by

discouraging them

from reducing

their corporate

income taxes

to

attract foreign business investment. Over 140 countries agreed to

enact the two-pillar solution to address

the challenges arising from the digitalization of the economy

and, in 2024, these guidelines were declared

effective and must now be enacted by

those OECD member countries.

It is possible that these guidelines,

including the global minimum corporate tax rate measure of

15%, could increase the burden and costs of

our tax

compliance, the

amount of

taxes we

incur in

those jurisdictions

and our

global effective

tax rate,

which could have a material adverse impact on our results of

operations and financial results.

Risks Relating to Our Common Stock

We cannot

assure you that

our board of

directors will continue to

declare dividends on shares

of

our common stock in the future.

In order to position us to take advantage of market opportunities in a then-deteriorating market, our board

of directors, beginning with the fourth quarter of 2008, suspended

our common stock dividend. As a result

of improving market conditions in 2021, our

board of directors elected to declare quarterly dividends from

the fourth quarter of 2021 until the

fourth quarter of 2024 and two

special non-cash dividends. The actual

declaration of future

cash dividends, and

the establishment of

record and payment

dates, is subject

to final

determination

by

our

board

of

directors

each

quarter

after

its

review

of

the

company's

financial

performance.

We

cannot

assure

you

that

our

board

of

directors

will

declare

and

pay

dividends

going

forward. Our dividend policy

is assessed by

our board of

directors from time to

time, based on

prevailing

market conditions,

available cash, uses of capital, contingent liabilities, the terms of our loan