Scorpio Tankers Inc. (NYSE:STNG) Announces $0.45 Quarterly Dividend

Scorpio Tankers Inc. (NYSE:STNG) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.45 per share by the shipping company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, August 17th.

Scorpio Tankers has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 2 years. Scorpio Tankers has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Scorpio Tankers to earn $6.27 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 28.7%.

Scorpio Tankers Trading Down 3.5%

NYSE:STNG traded down $2.75 during trading hours on Thursday, reaching $75.78. 1,346,478 shares of the stock were exchanged, compared to its average volume of 1,070,888. The company has a quick ratio of 13.87, a current ratio of 13.98 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average of $77.03 and a two-hundred day moving average of $73.87. Scorpio Tankers has a twelve month low of $43.78 and a twelve month high of $87.39. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 7.45 and a beta of -0.24.

Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings data on Thursday, July 30th. The shipping company reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $5.14 by ($0.46). Scorpio Tankers had a net margin of 48.44% and a return on equity of 11.72%. The firm had revenue of $408.73 million during the quarter, compared to analyst estimates of $398.29 million. During the same period in the previous year, the firm posted $1.41 earnings per share. The company’s quarterly revenue was up 77.5% compared to the same quarter last year. On average, equities analysts predict that Scorpio Tankers will post 12.15 EPS for the current year.

About Scorpio Tankers

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.