Hafnia Limited Plans Dividend of $0.10 (NYSE:HAFN)

Hafnia Limited (NYSE:HAFN) declared a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be paid a dividend of 0.1015 per share on Wednesday, June 4th. This represents a dividend yield of 7.59%. The ex-dividend date is Friday, May 23rd.

Hafnia Trading Up 0.1%

Shares of Hafnia stock traded up $0.01 during trading on Tuesday, hitting $5.36. The stock had a trading volume of 89,105 shares, compared to its average volume of 1,827,951. The firm’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $4.99. The stock has a market cap of $2.71 billion and a PE ratio of 3.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. Hafnia has a 12 month low of $3.61 and a 12 month high of $8.99.

Hafnia (NYSE:HAFN) last posted its earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $340.34 million for the quarter, compared to the consensus estimate of $250.80 million. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds raised shares of Hafnia to a “strong-buy” rating in a research report on Tuesday, May 6th.

Institutional Trading of Hafnia

A hedge fund recently raised its stake in Hafnia stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Hafnia Limited (NYSE:HAFN) by 82.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,462 shares of the company’s stock after buying an additional 194,751 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.09% of Hafnia worth $1,795,000 as of its most recent SEC filing.

Hafnia Company Profile

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.