Hafnia Limited (NYSE:HAFN) Increases Dividend to $0.29 Per Share

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

Hafnia Stock Down 3.1%

Shares of NYSE:HAFN traded down $0.26 during trading on Wednesday, hitting $8.10. The company’s stock had a trading volume of 1,278,960 shares, compared to its average volume of 1,686,317. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.35 and a current ratio of 1.48. Hafnia has a fifty-two week low of $4.90 and a fifty-two week high of $9.53. The stock’s 50-day moving average price is $8.20 and its two-hundred day moving average price is $6.91. The company has a market capitalization of $4.15 billion, a PE ratio of 11.90 and a beta of 0.86.

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

About Hafnia

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.