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Stock impact report

International Seaways Compounds Returns to Shareholders in the Third Quarter With Repurchase of Shares

International Seaways, Inc. (INSW) 
Last international seaways, inc. earnings: 3/3 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: intlseas.com/corporateprofile
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today that the Company has repurchased 501,646 shares of its common stock in open-market purchases over the last week, at an average price of $49.81 per share, for a total cost of approximately $25 million. The repurchased shares will be retired. The Company has approximately $25 million available under the current $50 million share repurchase program that expires at the end of 2025.“Seaways continues to deliver on its commitment to returning value to shareholders by utilizing our share repurchase program," said Lois K. Zabrocky, International Seaways President and CEO. "Over the past few days, we redeployed proceeds from a previously announced vessel sale that resulted in share repurchases amounting to more than 80% of those issued in the prior quarter f Show less Read more
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