International Seaways (NYSE:INSW) Reports 11% Revenue Dip Declares US$0.70 Total Dividend

International Seaways (NYSE:INSW) recently announced its earnings for the year ending December 31, 2024, revealing a decline in both revenue and net income compared to the previous year. Despite this, the company maintained investor appeal by declaring both a regular and a supplemental dividend. These announcements could have been factors in the company’s share price increasing by 1.47% over the last month. The broader market reacted unevenly to various economic and geopolitical developments, with the S&P 500 and Nasdaq showing slight declines, suggesting a backdrop of volatility. However, the company’s commitment to shareholder returns through dividends may have helped bolster investor confidence amid mixed market signals. International Seaways's performance, particularly in light of the market's overall decline of 3.6% during the same period, signifies its relatively stable position in fluctuating market conditions.

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Over the past three years, International Seaways achieved a total shareholder return of 177.01%, a significant accomplishment despite a recent decline in earnings growth. During this period, the company made strategic shareholder-friendly moves that likely contributed to this performance, such as announcing a special dividend of US$0.58 per share alongside a regular dividend. Additionally, the company engaged in meaningful share buybacks, increasing the buyback authorization to US$125.64 million in August 2024, which could have provided further support to its share price by reducing the number of outstanding shares.

Other factors that might have played a role include its admission to several indices, such as the S&P 1000, S&P 600 Energy Sector, and S&P Composite 1500, in December 2024. This inclusion possibly increased the company's visibility and attractiveness to institutional investors. Furthermore, securing a US$500 million revolving credit facility with sustainability-linked features in May 2024 could have enhanced its financial resilience, providing confidence in its operational capacity and long-term growth potential.

• Analyze International Seaways' fair value against its market price in our detailed valuation report—access it here.
• Assess the potential risks impacting International Seaways' growth trajectory—explore our risk evaluation report.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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