Top Ships Dividend Information

Dividend Yield

115.07%

Annual Dividend

$0.84

Ex-Dividend Date

n/a

Payout Frequency

n/a

Payout Ratio

n/a

Dividend Growth

n/a

Shareholder Yield

114.64%

Dividend History

Ex-Dividend Date	Cash Amount	Record Date	Pay Date
Apr 12, 2006	$2.500	Apr 17, 2006	Apr 25, 2006
Mar 28, 2006	$5.000	Mar 22, 2006	Mar 27, 2006
Jan 12, 2006	$0.210	Jan 17, 2006	Jan 23, 2006
Oct 12, 2005	$0.210	Oct 14, 2005	Oct 25, 2005
Jul 13, 2005	$0.250	Jul 15, 2005	Jul 27, 2005
Jul 5, 2005	$0.210	Jul 7, 2005	Jul 20, 2005
Mar 29, 2005	$0.210	Mar 31, 2005	Apr 14, 2005
Dec 20, 2004	$0.210	Dec 22, 2004	Jan 12, 2005

* Dividend amounts are adjusted for stock splits when applicable.