other material
confidence high
sentiment positive
materiality 0.50
International Seaways repurchases 501,646 shares for ~$25M; $25M remaining under authorization
International Seaways, Inc.
- Repurchased 501,646 shares at avg $49.81 per share, total cost ~$25M.
- Shares retired; $25M remaining under $50M buyback program expiring end of 2025.
- CEO states proceeds from vessel sale used; buyback covers >80% of shares issued in prior quarter for fleet renewal.
- Previously declared combined dividend of $1.50/share payable Sept 25 to holders of record Sept 11.