International Seaways Inc. (INSW) To Go Ex-Dividend on March 20th

International Seaways Inc. (NYSE:INSW) declared a quarterly dividend on Wednesday, February 25th. Investors of record on Friday, March 20th will be paid a dividend of 0.12 per share by the transportation company on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, March 20th.

International Seaways has increased its dividend payment by an average of 0.6%annually over the last three years. International Seaways has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE:INSW opened at $67.67 on Wednesday. International Seaways has a 12 month low of $27.20 and a 12 month high of $78.51. The stock has a 50 day moving average of $63.44 and a two-hundred day moving average of $54.00. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3.34 billion, a P/E ratio of 10.86 and a beta of -0.23.

International Seaways (NYSE:INSW) last released its earnings results on Thursday, February 26th. The transportation company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.70. The business had revenue of $267.88 million for the quarter, compared to the consensus estimate of $245.29 million. International Seaways had a return on equity of 13.92% and a net margin of 36.67%.The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. On average, analysts expect that International Seaways will post 7.77 earnings per share for the current fiscal year.

International Seaways Company Profile

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.