International Seaways still intends to pursue its share repurchase plan alongside its new dividend programme.
The New York-listed tanker owner announced Tuesday a fixed, $0.06 per share quarterly dividend in a move it said it would help return capital to shareholder alongside the $30m it has to buy back shares.
"Where our shares are trading today, we find our share price to be a very compelling acquisition," said finance chief Jeff Pribor on the company's fourth-quarter earnings call.
