Scorpio Tankers Inc. (STNG) To Go Ex-Dividend on May 29th

Scorpio Tankers Inc. (NYSE:STNGGet Free Report) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Friday, May 29th will be given a dividend of 0.45 per share by the shipping company on Monday, June 15th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, May 29th.

Scorpio Tankers has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Scorpio Tankers has a payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Scorpio Tankers to earn $5.23 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 34.4%.

Scorpio Tankers Stock Up 4.1%

Shares of NYSE STNG opened at $86.65 on Wednesday. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 12.26 and a beta of -0.24. The company’s 50-day simple moving average is $75.10 and its 200-day simple moving average is $64.74. The company has a quick ratio of 9.23, a current ratio of 9.33 and a debt-to-equity ratio of 0.19. Scorpio Tankers has a 52-week low of $37.96 and a 52-week high of $87.39.

Scorpio Tankers (NYSE:STNGGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The shipping company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.29. Scorpio Tankers had a net margin of 36.70% and a return on equity of 8.85%. The firm had revenue of $312.86 million for the quarter, compared to analyst estimates of $286.81 million. During the same period last year, the company posted $1.03 EPS. Scorpio Tankers’s quarterly revenue was up 46.2% compared to the same quarter last year. Equities analysts predict that Scorpio Tankers will post 8.79 EPS for the current fiscal year.

About Scorpio Tankers

(Get Free Report)

Scorpio Tankers Inc (NYSE: STNG) is an independent provider of marine transportation services, specializing in the carriage of refined petroleum products. The company’s core operations focus on moving clean petroleum cargoes—such as gasoline, diesel, jet fuel and naphtha—on a global scale. By catering to both spot and time charter markets, Scorpio Tankers enables energy companies, refiners and traders to manage their supply chains with flexibility and reliability.

The company’s fleet is composed of modern, eco-designed product tankers, including medium range (MR) and long range (LR) vessels.

Further Reading

Dividend History for Scorpio Tankers (NYSE:STNG)

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