Hafnia Limited Plans Quarterly Dividend of $0.12 (NYSE:HAFN)

Key Points

• Hafnia Limited announced a quarterly dividend of $0.12 per share, which will be paid on September 10th to investors of record as of September 4th, with a dividend yield of 7.9%.
• The company's recent earnings report revealed an EPS of $0.15, surpassing expectations, with quarterly revenue of $346.56 million, well above the anticipated $249.42 million.
• Analysts have rated Hafnia as a "Strong Buy," with a consensus price target of $6.50 per share, indicating potential for further growth in the stock.

Hafnia Limited (NYSE:HAFN - Get Free Report) announced a quarterly dividend on Wednesday, August 27th. Investors of record on Thursday, September 4th will be paid a dividend of 0.121 per share on Wednesday, September 10th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, September 4th.

Hafnia Price Performance

Hafnia stock traded up $0.06 during midday trading on Thursday, reaching $6.10. 572,956 shares of the company were exchanged, compared to its average volume of 2,059,039. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 5.04 and a beta of 0.91. The firm's 50-day simple moving average is $5.44 and its 200-day simple moving average is $4.96. Hafnia has a 1 year low of $3.61 and a 1 year high of $8.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.12 and a current ratio of 1.24.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Hafnia had a net margin of 45.74% and a return on equity of 26.29%. The firm had revenue of $346.56 million for the quarter, compared to analyst estimates of $249.42 million.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds raised Hafnia to a "strong-buy" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Strong Buy" and an average price target of $6.50.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.

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