Hafnia Limited (NYSE:HAFN) Increases Dividend to $0.15 Per Share

Hafnia Limited (NYSE:HAFN) declared a quarterly dividend on Monday, December 1st. Investors of record on Tuesday, December 9th will be given a dividend of 0.147 per share on Friday, December 19th. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, December 9th. This is a 21.5% increase from Hafnia’s previous quarterly dividend of $0.12.

Hafnia Price Performance

Shares of Hafnia stock traded down $0.20 during trading hours on Monday, reaching $5.80. 1,543,703 shares of the company’s stock were exchanged, compared to its average volume of 1,790,297. The business has a fifty day moving average of $6.15 and a two-hundred day moving average of $5.75. The company has a market capitalization of $2.94 billion, a P/E ratio of 6.82 and a beta of 0.92. The company has a quick ratio of 1.09, a current ratio of 1.21 and a debt-to-equity ratio of 0.27. Hafnia has a 1 year low of $3.61 and a 1 year high of $6.64.

Hafnia (NYSE:HAFN) last released its earnings results on Monday, December 1st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Hafnia had a net margin of 37.26% and a return on equity of 18.74%. The business had revenue of $247.00 million for the quarter, compared to analyst estimates of $256.84 million.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HAFN. Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, October 8th. Fearnley Fonds lowered Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.50.

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.