Overseas Shipholding Group Declares Dividend
Sam Norton, OSG’s President and CEO, commenting on the dividend declaration, stated, “After carefully considering the Company’s capital position, I am pleased that our Board has declared another dividend on the heels of our earnings release, which highlighted our Company’s strong financial condition. The dividend aligns with our commitment to return value to our shareholders while still maintaining flexibility to pursue opportunities for growth in future business endeavors and to reduce debt exposure.” Mr. Norton added, “The Board of Directors intends to continue to consider future dividends and other possible uses for our excess cash on an ongoing basis.”
About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. is a publicly traded company providing liquid bulk transportation services for crude oil and petroleum products in the
Headquartered in
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Investor Relations & Media Contact:
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
sallan@osg.com
Source: Overseas Shipholding Group, Inc.