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Tankers and Gas Finance United States

OSG gifts investors with first dividend since 2016 spin-off

Tampa-based owner-operator of Jones Act and US-flag tankers and ATBs declares $0.06 per share dividend and boosts share buybacks

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OSG has announced its first cash dividend since its troubled restructuring in 2016 that saw it spin off its international tanker business, International Seaways. Chief executive Ed Norton says OSG’s board ‘expects the consideration of the payment of regular quarterly dividends to be on its agenda in the future’

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