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Overseas Shipholding Group, Inc., together with its subsidiaries, owns and operates a fleet of oceangoing vessels. Its vessels are engaged in the transportation of crude oil and petroleum products in the United States flag trade. As of December 31, 2021, the company owned or operated a fleet of 24 vessels totaling an aggregate of approximately 1.7 million deadweight tons. It serves independent oil traders, refinery operators, and the United States and international government entities. The company was founded in 1948 and is headquartered in Tampa, Florida.

Overseas Shipholding Dividend Announcement

• Overseas Shipholding announced a annually dividend of $0.06 per ordinary share which will be made payable on 2024-04-11. Ex dividend date: 2024-03-27
• Overseas Shipholding annual dividend for 2024 was $0.06
• Overseas Shipholding annual dividend for 2023 was $0.06
• Overseas Shipholding's trailing twelve-month (TTM) dividend yield is 1.41%
• Overseas Shipholding's payout ratio for the trailing twelve months (TTM) is 6.55%

Overseas Shipholding Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-03-27$0.06annually2024-04-11
2023-12-20$0.06annually2024-01-04
2016-03-16$0.08annually2016-03-25

Overseas Shipholding Dividend per year

Overseas Shipholding Dividend Yield

Overseas Shipholding current trailing twelve-month (TTM) dividend yield is 1.41%. Interested in purchasing Overseas Shipholding stock? Use our calculator to estimate your expected dividend yield:

Overseas Shipholding Financial Ratios

P/E ratio9.41
PEG ratio14.88
P/B ratio1.68
ROE18.38%
Payout ratio6.55%
Current ratio0.67
Quick ratio0.63
Cash Ratio0.47

Overseas Shipholding Dividend FAQ

Does Overseas Shipholding stock pay dividends?
Overseas Shipholding does not currently pay dividends to its shareholders.
Has Overseas Shipholding ever paid a dividend?
No, Overseas Shipholding has no a history of paying dividends to its shareholders. Overseas Shipholding is not known for its dividend payments.
Why doesn't Overseas Shipholding pay dividends?
There are several potential reasons why Overseas Shipholding would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Overseas Shipholding ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Overseas Shipholding has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Overseas Shipholding a dividend aristocrat?
Overseas Shipholding is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Overseas Shipholding a dividend king?
Overseas Shipholding is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Overseas Shipholding a dividend stock?
No, Overseas Shipholding is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Overseas Shipholding stocks?
To buy Overseas Shipholding you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Overseas Shipholding stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.