International Seaways stated on May 4, 2023 that its Board of Directors declared regular quarterly dividend $0.12 per share ($0.48 annualized). Previously, the company paid $0.12 per share.
The shares must have been purchased before the ex-split date of June 13, 2023, to qualify for the dividend. Shareholders of record through June 14, 2023 will receive the payment on June 28, 2023.
At the current share price of $37.75/share, the stock’s dividend yield is 1.27%.
Looking back five years and taking a sample each week, the average dividend yield has been 1.86%, with a low of 0.85%, and a high of 6.14%. The standard deviation of the yield is 0.89 (n=237).
The current dividend yield is 0.66 standard deviations below the historical average.
Additionally, the company has a dividend payout ratio of 0.20. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company has a 3-year dividend growth rate of 8.83%, indicating that it has grown its dividend over time.
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What is Fund Sentiment?
there are 418 Reporting of fund or institution positions International sea routes. This is an increase of 43 owners or 11.47% over the previous quarter. average portfolio weight of all funds 0.17% dedicated to INSW, a shortfall of 23.80%. The total shares owned by the institutions increased by 5.08% to 32,457K shares in the last three months. put/call ratio INSW has a value of 0.21, indicating a bullish outlook.
Analyst Price Forecast Indicates 58.40% Upside
By April 24, 2023, average one year price target 59.80 for international sea routes. Forecasts range from a low of $50.50 to a high of $73.50. The average price target shows an upside of 58.40% from the latest closing price of 37.75.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for international sea routes is ₹866MM, a decrease of 17.56%. Estimated Annual Non-GAAP eps is 7.34.
What are the other shareholders doing?
Donald Smith The company holds 1,847K shares representing 3.75% ownership. In its prior filing, the firm reported representing 2,766K shares. fall short of 49.82%. Firm fell short of Its portfolio allocation in INSW has increased by 38.26% over the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares The company holds 1,341K shares representing 2.72% ownership. In its prior filing, the firm reported representing 1,489K shares. fall short of 10.97%. Firm fell short of Its portfolio allocation in INSW has increased by 12.31% over the previous quarter.
IWM – iShares Russell 2000 ETF The company holds 1,122K shares representing 2.28% ownership. In its prior filing, the firm reported representing 1,081K shares. a hike of 3.60%. Firm fell short of Its portfolio allocation in INSW increased by 1.00% over the previous quarter.
Vijay Capital Management The company holds 967K shares representing 1.96% ownership. In its prior filing, the firm reported representing 373K shares. a hike 61.42%. Firm increased Its portfolio allocation in INSW has increased by 77.37% over the previous quarter.
Hosking Partners LLP The company holds 880K shares representing 1.79% ownership. In its prior filing, the firm reported representing 450K shares. a hike 48.80%. Firm increased Its portfolio allocation in INSW has increased by 90.97% over the previous quarter.
Background information on international sea routes
(This description is provided by the company.)
International Seaways, Inc. One of the world’s largest tanker companies providing energy transportation services for crude oil and petroleum products to international flag markets. International Seaways owns and operates a fleet of 36 vessels, including 11 VLCCs, two Suezmax, 4 Aframax/LR2, 13 Panamax/LR1 and 4 MR tankers. Through joint ventures, it has an ownership interest in two floating storage and offloading service vessels. International Seaways has an experienced team committed to best operating practices and the highest level of customer service and operational efficiency. International Seaways is headquartered in New York City, NY.
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