Scorpio Tankers Inc. (STNG) To Go Ex-Dividend on November 13th

Scorpio Tankers Inc. (NYSE:STNG) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, November 13th will be given a dividend of $0.75 per share by the shipping company on Friday, December 4th. This represents a $3.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, November 13th. This is a 66.7% increase from Scorpio Tankers’s previous quarterly dividend of $0.45.

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 49.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Scorpio Tankers to earn $8.72 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 34.4%.

Scorpio Tankers Price Performance

Shares of STNG stock opened at $80.40 on Wednesday. Scorpio Tankers has a 52 week low of $48.93 and a 52 week high of $95.60. The stock has a market capitalization of $4.05 billion, a PE ratio of 4.26, a PEG ratio of 1.63 and a beta of -0.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 20.59 and a current ratio of 20.65. The stock’s fifty day moving average is $84.44 and its 200-day moving average is $77.65.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings results on Wednesday, October 28th. The shipping company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.43. Scorpio Tankers had a return on equity of 17.06% and a net margin of 77.07%. The business had revenue of $266.47 million during the quarter, compared to analysts’ expectations of $243.98 million. During the same period in the previous year, the business posted $1.49 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts expect that Scorpio Tankers will post 15.59 EPS for the current fiscal year.

About Scorpio Tankers

Scorpio Tankers Inc. is a marine transportation company focused on moving refined petroleum products around the world. Its product tankers carry cargoes such as gasoline, diesel, jet fuel and naphtha between refineries, storage facilities and end markets. The company serves international shipping routes, connecting major refining and consumption regions. Its fleet includes medium-range and larger product tankers designed to transport petroleum products across regional and long-distance routes. Scorpio Tankers was founded in 2009 and is headquartered in Monaco.