International Seaways is trading 4.21% up at $92.81 as investors continue reacting to the August 10 earnings release, which reported record $295 million net income, $5.91 adjusted earnings per share, and $467.29 million revenue, all above estimates.
- Management declared a record $5.05-per-share dividend and formalized an 85% payout policy.
- Exceptionally strong tanker rates and record free cash flow support the policy; broader markets are modestly higher, but the earnings catalyst appears more relevant.