Horizon pays dividend
US-based domestic shipping company Horizon Lines is to pay a cash dividend on its outstanding shares of common stock of US$0.11 per share, payable on 15 December, 2006 to all stockholders of record as of the close of business on 1 December, 2006.Meanwhile the company has announced that its president and CEO Charles (Chuck) Raymond will also become its first chairman of its board of directors. He will“I am deeply honoured by the Horizon Lines Board of Directors' vote of confidence in electing me chairman," said Mr Raymond. "I look forward to working with my fellow Board members and my 1,889 fellow associates at Horizon Lines to continue the string of successes that we have achieved together during our seven-year existence."Mr Raymond has served as president and CEO and as a director of Horizon Lines, Inc. since July 2004, and of Horizon Lines, LLC since February 2003.