Published on 23 Mar 2024 on Simply Wall St. via Yahoo Finance

Overseas Shipholding Group, Inc. (NYSE:OSG) Passed Our Checks, And It's About To Pay A US$0.06...

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Overseas Shipholding Group, Inc. (NYSE:OSG) is about to go ex-dividend in just 3 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase Overseas Shipholding Group's shares before the 27th of March in order to receive the dividend, which the company will pay on the 11th of April.

The company's upcoming dividend is US$0.06 a share, following on from the last 12 months, when the company distributed a total of US$0.06 per share to shareholders. Last year's total dividend payments show that Overseas Shipholding Group has a trailing yield of 3.8% on the current share price of US$6.29. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Overseas Shipholding Group has been able to grow its dividends, or if the dividend might be cut.

Check out our latest analysis for Overseas Shipholding Group