Overseas Shipholding Group (OSG) Declares $0.05 Quarterly Dividend; 10.1% Yield

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Go back to Overseas Shipholding Group (OSG) Declares $0.05 Quarterly Dividend; 10.1% Yield

Overseas Shipholding Group Reports Fourth Quarter and Full Year 2015 Results

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

Overseas Shipholding Group Announces $0.08 Dividend on its Common Stock

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