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

Scorpio Tankers Inc. (NYSE:STNGGet Free Report) declared a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.45 per share by the shipping company on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, March 6th. This is a 7.1% increase from Scorpio Tankers’s previous quarterly dividend of $0.42.

Scorpio Tankers has increased its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Scorpio Tankers has a dividend payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Scorpio Tankers to earn $6.30 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 26.7%.

Scorpio Tankers Stock Performance

Shares of NYSE:STNG traded down $2.03 during midday trading on Thursday, hitting $67.86. The stock had a trading volume of 1,272,230 shares, compared to its average volume of 1,084,491. The company has a market capitalization of $3.46 billion, a PE ratio of 11.48 and a beta of -0.25. The stock has a 50 day moving average price of $57.02 and a two-hundred day moving average price of $55.85. The company has a current ratio of 4.81, a quick ratio of 4.75 and a debt-to-equity ratio of 0.25. Scorpio Tankers has a 1 year low of $30.63 and a 1 year high of $71.48.

Scorpio Tankers (NYSE:STNGGet Free Report) last posted its quarterly earnings results on Thursday, February 12th. The shipping company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.32. Scorpio Tankers had a net margin of 32.01% and a return on equity of 7.42%. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, equities analysts predict that Scorpio Tankers will post 5.29 earnings per share for the current fiscal year.

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Scorpio Tankers Company Profile

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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.

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Dividend History for Scorpio Tankers (NYSE:STNG)

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