OMI’s board declares dividend, authorizes shares repurchase

OMIÆs board declares dividend, authorizes shares repurchase    The board of directors at Stamford, Conn.-based tanker operator OMI Corp. have increased for third time in 2006 the regular quarterly dividend on its common stock to 14 cents per share and also authorized the repurchase of up to an additional $140 million worth of shares.
   This brings the share repurchase authorization to about $169 million. The company has repurchased about 9 million shares during 2006 and has 63.2 million shares outstanding.