Overseas Shipholding Group Declares Dividend
15 3월 2024 - 5:45AM
Business Wire
Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or
“OSG”) announced today that its Board of Directors has declared a
cash dividend of $0.06 per share on its Class A Common Stock. The
dividend will be paid on April 11, 2024 to stockholders of record
at the close of business on March 28, 2024.
Sam Norton, OSG’s President and CEO, commenting on the dividend
declaration, stated, “After carefully considering the Company’s
capital position, I am pleased that our Board has declared another
dividend on the heels of our earnings release, which highlighted
our Company’s strong financial condition. The dividend aligns with
our commitment to return value to our shareholders while still
maintaining flexibility to pursue opportunities for growth in
future business endeavors and to reduce debt exposure.” Mr. Norton
added, “The Board of Directors intends to continue to consider
future dividends and other possible uses for our excess cash on an
ongoing basis.”
About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. is a publicly traded company
providing liquid bulk transportation services for crude oil and
petroleum products in the U.S. Flag markets. OSG’s U.S. Flag fleet
consists of Suezmax crude oil tankers, conventional and lightering
ATBs, shuttle and conventional MR tankers, and non-Jones Act MR
tankers that participate in the U.S. Tanker Security Program.
Headquartered in Tampa, Florida, OSG is committed to setting
high standards of excellence for its quality, safety, and
environmental programs and is recognized as one of the world's most
customer-focused marine transportation companies. More information
is available at www.osg.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240314552728/en/
Investor Relations & Media Contact: Susan Allan,
Overseas Shipholding Group, Inc. (813) 209-0620 sallan@osg.com
Overseas Shipholding (NYSE:OSG)
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Overseas Shipholding (NYSE:OSG)
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