Balance Sheet And DividendsAs DIS continues to delever its balance sheet, it will distribute an interim dividend, and management confirmed its intention to maintain a payout while continuing its buyback.
Earnings VisibilityDIS has already secured 68% of its employment days for Q4-24 at a total daily average TCE, which is ahead of expectations considering the persistent market weakness.
Financial PerformanceDIS's Q4 results reflected some relative outperformance in a weak market, while rates bookings for Q1 are holding up well at largely profitable levels.