Hafnia Limited (NYSE:HAFN) Increases Dividend to $0.50 Per Share

Hafnia Limited (NYSE:HAFN) announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 8th will be given a dividend of 0.5003 per share on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 23.6%. The ex-dividend date is Tuesday, September 8th. This is a 73.9% increase from Hafnia’s previous quarterly dividend of $0.29.

Hafnia Trading Up 2.2%

Shares of HAFN stock traded up $0.18 during trading hours on Friday, reaching $8.47. 1,849,801 shares of the stock were exchanged, compared to its average volume of 1,649,182. Hafnia has a 12-month low of $5.17 and a 12-month high of $9.53. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.67. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 9.31 and a beta of 0.63.

Hafnia (NYSE:HAFN) last posted its quarterly earnings data on Saturday, August 29th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Hafnia had a net margin of 44.74% and a return on equity of 19.20%. The company had revenue of $834.53 million for the quarter, compared to analyst estimates of $394.57 million.

About Hafnia

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.