International Seaways, Inc. current report, 24 February 2021

Full document

Business Context and Reporting Period

Company: International Seaways, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 24, 2021
Context: The filing serves as a Regulation FD disclosure regarding a corporate action taken by the Board of Directors.

Key Financial Metrics

This filing does not contain comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial figure disclosed is:

  • Dividend Declaration: $0.06 per share for the first quarter of 2021.

Material Changes

The filing announces a new quarterly cash dividend. No material changes to operations, financial position, or prior period results are detailed in this specific document.

Guidance, Outlook, and Management Commentary

Dividend Details:

  • Amount: $0.06 per share.
  • Record Date: March 11, 2021.
  • Payment Date: March 26, 2021.
Management Commentary: The dividend was declared pursuant to the company's established dividend policy. The filing explicitly states that the information is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into registration statements.

Investor Verification Checklist

  • Verify the ex-dividend date (typically one business day prior to the record date of March 11, 2021) to determine eligibility for the $0.06 payment.
  • Confirm the payment date of March 26, 2021, for cash flow planning.
  • Review the company's most recent 10-Q or 10-K for comprehensive financial metrics, as this 8-K contains only dividend information.