International Seaways: Investing In Tankers Made Easy
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International Seaways (INSW) reported a net income of $91.6 million and a basic EPS of $1.85 for Q3 2024. The company has no debt maturities before 2030 and a Total Debt-to-Equity ratio of 35.5%. Its dividend LTM yield is 13.7% with a payout ratio of 64%.
November 16, 2024 | 8:00 am
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International Seaways reported strong Q3 2024 results with a net income of $91.6 million and EPS of $1.85. The company has a solid financial position with no debt maturities until 2030 and a healthy dividend yield of 13.7%.
The strong financial results and solid balance sheet with no near-term debt maturities are positive indicators for INSW. The high dividend yield and manageable payout ratio further enhance its attractiveness to investors, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100