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

Key Points

• Scorpio Tankers declared a quarterly dividend of $0.45 per share (record date May 29, payable June 15), equal to an annualized $1.80 and a ~2.1% yield.
• The dividend is well covered with a trailing payout ratio of about 29.9%; the company has raised payouts recently and analysts project next-year EPS of $5.23 (implying a ~34.4% future payout ratio).
• Scorpio Tankers beat quarterly estimates with $3.02 EPS vs. $2.73 expected, reported revenue up 46.2% year-over-year, and its stock recently traded near a 12‑month high (~$86.65) with a P/E of ~12.3.

Scorpio Tankers Inc. (NYSE:STNG - Get Free Report) announced a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 29th will be given a dividend of 0.45 per share by the shipping company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th.

Scorpio Tankers has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 2 years. Scorpio Tankers has a payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Scorpio Tankers to earn $5.23 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 34.4%.

Scorpio Tankers Price Performance

Shares of NYSE:STNG traded up $3.38 during midday trading on Tuesday, hitting $86.65. The company had a trading volume of 1,754,653 shares, compared to its average volume of 1,190,203. Scorpio Tankers has a twelve month low of $37.96 and a twelve month high of $87.39. The company has a debt-to-equity ratio of 0.19, a current ratio of 9.33 and a quick ratio of 9.23. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 12.26 and a beta of -0.24. The business's 50-day simple moving average is $74.80 and its 200-day simple moving average is $64.52.

Scorpio Tankers (NYSE:STNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The shipping company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.73 by $0.29. Scorpio Tankers had a return on equity of 8.85% and a net margin of 36.70%.The business's revenue was up 46.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, research analysts predict that Scorpio Tankers will post 8.79 earnings per share for the current year.

About Scorpio Tankers

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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