Hafnia Limited (HAFN) to Issue Quarterly Dividend of $0.29 on June 16th

Hafnia Limited (NYSE:HAFN – Get Free Report) announced a quarterly dividend on Tuesday, May 26th. Stockholders of record on Thursday, June 4th will be paid a dividend of 0.2877 per share on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 14.9%. The ex-dividend date of this dividend is Thursday, June 4th. This is a 63.3% increase from Hafnia’s previous quarterly dividend of $0.18.

Hafnia Stock Performance

NYSE:HAFN traded down $0.35 during mid-day trading on Thursday, reaching $7.71. The stock had a trading volume of 3,268,821 shares, compared to its average volume of 1,716,743. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.35 and a current ratio of 1.48. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 11.33 and a beta of 0.86. Hafnia has a twelve month low of $4.90 and a twelve month high of $9.53. The business has a 50 day simple moving average of $8.22 and a 200 day simple moving average of $6.92.

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Hafnia (NYSE:HAFN – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Hafnia had a net margin of 35.54% and a return on equity of 14.71%. The company had revenue of $688.87 million during the quarter, compared to the consensus estimate of $298.65 million.

Analyst Ratings Changes

Several analysts have commented on the stock. Dnb Carnegie cut shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Wall Street Zen raised shares of Hafnia from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Pareto Securities cut shares of Hafnia to a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, Hafnia has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on Hafnia

Hafnia Company Profile

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Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.

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