Hafnia Limited (HAFN) to Issue Dividend of $0.10 on June 4th

Hafnia Limited (NYSE:HAFN) announced a dividend on Tuesday, May 20th, investing.com reports. Investors 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 Stock Up 0.9%

Hafnia stock opened at $5.40 on Wednesday. The business has a fifty day moving average of $4.49 and a two-hundred day moving average of $5.00. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.74 billion and a P/E ratio of 3.18. Hafnia has a twelve month low of $3.61 and a twelve month high of $8.99.

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

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 grew its holdings in shares of Hafnia Limited (NYSE:HAFN) by 82.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 431,462 shares of the company’s stock after purchasing an additional 194,751 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.09% of Hafnia worth $1,795,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

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

About Hafnia

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.