Overseas Shipholding Group (OSG) Declares $0.05 Quarterly Dividend; 10.1% Yield
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March 1, 2016 7:01 AM EST
NEW YORK--(BUSINESS WIRE)--
Overseas Shipholding Group, Inc. (OSG) (NYSE MKT: OSG, OSGB), a provider
of oceangoing energy transportation services, today reported results for
the fourth quarter and full year 2015.
Highlights
Fourth quarter and full year 2015 time charter equivalent (TCE)
revenues(A) of $234.4 million and $924.8 million, grew 18%
and 21%, respectively, compared with the same periods in 2014.
Net income for the fourth quarter was $9.3 million, or $0.02 per
diluted share, compared with $26.5 million, or $0.05 per diluted share
for the fourth quarter 2014. The decrease included $27.6 million in
premiums and fees paid on notes...
More
March 1, 2016 7:01 AM EST
NEW YORK--(BUSINESS WIRE)--
Overseas Shipholding Group, Inc. (NYSE MKT:OSG, OSGB) (the Company or
OSG) announced today that on February 29, 2016 its Board of Directors
declared a cash dividend of $0.08 per share on the Class A and Class B
common stock.
On March 25, 2016, all shareholders of record of OSGs Class A common
stock and Class B common stock as of 5:00 p.m. E.S.T. on March 18, 2016,
the record date of the dividend (the record date), will receive a
dividend of $0.08 for each share of Class A common stock and Class B
common stock held by them as of the... More
