International Seaways Inc. (INSW) To Go Ex-Dividend on December 9th

International Seaways Inc. (NYSE:INSW) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Tuesday, December 9th will be given a dividend of 0.12 per share by the transportation company on Tuesday, December 23rd. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th.

International Seaways has a payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International Seaways to earn $4.65 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 10.3%.

International Seaways Trading Up 4.6%

Shares of NYSE INSW opened at $52.47 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. International Seaways has a 52-week low of $27.20 and a 52-week high of $53.90. The firm has a 50 day moving average price of $47.13 and a two-hundred day moving average price of $41.76. The stock has a market cap of $2.59 billion, a P/E ratio of 10.91 and a beta of -0.02.

International Seaways (NYSE:INSW) last issued its quarterly earnings results on Wednesday, November 23rd. The transportation company reported ($0.63) earnings per share (EPS) for the quarter. The firm had revenue of $84.82 million during the quarter. International Seaways had a return on equity of 11.35% and a net margin of 29.88%. As a group, equities analysts forecast that International Seaways will post 7.77 EPS for the current year.

International Seaways Company Profile

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.