Hafnia Limited (NYSE:HAFN) Plans Quarterly Dividend of $0.29

Hafnia Limited (NYSE:HAFN) announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Thursday, June 4th will be paid a dividend of 0.2877 per share on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Thursday, June 4th. This is a 63.3% increase from Hafnia’s previous quarterly dividend of $0.18.

Hafnia Stock Performance

Hafnia stock traded down $0.26 during trading hours on Wednesday, hitting $8.10. 1,278,960 shares of the stock traded hands, compared to its average volume of 1,686,317. Hafnia has a 1 year low of $4.90 and a 1 year high of $9.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.48 and a quick ratio of 1.35. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 11.90 and a beta of 0.86. The firm’s 50 day moving average price is $8.20 and its 200-day moving average price is $6.91.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $688.87 million during the quarter, compared to analysts’ expectations of $298.65 million. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HAFN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. Dnb Carnegie cut Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Wall Street Zen raised Hafnia from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Hafnia Company Profile

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.