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

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) declared 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) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Thursday, September 4th.

Hafnia Stock Performance

HAFN stock traded down $0.02 on Tuesday, reaching $6.12. 680,445 shares of the company were exchanged, compared to its average volume of 2,049,240. Hafnia has a 12 month low of $3.61 and a 12 month high of $7.84. The stock's fifty day moving average price is $5.48 and its 200 day moving average price is $4.98. The firm has a market capitalization of $3.10 billion, a PE ratio of 7.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 1.09.

Hafnia (NYSE:HAFN - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Hafnia had a net margin of 37.26% and a return on equity of 18.74%. The business had revenue of $346.56 million for the quarter, compared to analyst estimates of $249.42 million.

Analysts Set New Price Targets

Separately, Fearnley Fonds raised shares of Hafnia to a "strong-buy" rating in a research report on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Strong Buy" and a consensus target price 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.