👑 The Special Dividend King: International Seaways
INSW has declared 4 special dividends in 2025 with growing payouts
In 2025, International Seaways (INSW) has established itself as one of the most consistent issuers of special dividends. The New York-based crude and product tanker operator has now declared four special dividends this year, continuing a shareholder-friendly capital return policy that combines regular and supplemental payments each quarter.
Key Points
Four special dividends declared in 2025, latest to be paid in December
Combined payout of $0.86 per share (regular + special) for Q4 2025
Ex-dividend date: 9 December 2025
Regular dividend unchanged at $0.12 per share since 2022 (+100% that year)
Share price: $53.63 → implied yield ≈ 1.4% for latest special
P/E 2025: 12 | YTD share gain: +49%
Revenue expected to fall 16.7% in 2025 to $792 million
Analyst consensus: 3 Strong Buy, 6 Buy, 0 Hold/Sell
2025 Dividend Record
International Seaways has distributed a special dividend in each of the four quarters of 2025, alongside its unchanged regular dividend of $0.12 per share.
Q1–Q3 2025: three consecutive supplemental payouts, including $0.65 in the previous quarter
Q4 2025: declared $0.74 special dividend + regular $0.12 dividend, totaling $0.86 per share
In September 2025, shareholders received $0.77 per share in combined regular and supplemental dividends. The latest declaration, payable in December, marks the 24th consecutive quarterly dividend and the fifth straight quarter with a payout ratio of at least 75% of adjusted net income.
The company also extended the expiry of its $50 million share repurchase program from end-2025 to end-2026.
Company Overview
International Seaways, Inc. operates one of the largest U.S.-listed fleets of crude oil and product tankers, transporting energy cargoes worldwide. The company’s results are closely linked to global tanker rates and oil-trade demand, which influence its capacity to maintain both regular and supplemental shareholder distributions.
Summary
In 2025, International Seaways stands out for maintaining a steady quarterly dividend stream while repeatedly adding special dividends based on earnings strength and cash generation. The upcoming December payment continues this pattern, confirming INSW’s position as one of the most active special dividend payers of the year.
View the original reports at:
🔗 INSW Q4 2025 special dividend
🔗 All Special Dividend announcements 2025
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.