Hafnia Limited (NYSE:HAFN) Raises Dividend to $0.18 Per Share

Hafnia Limited (NYSE:HAFN) declared a quarterly dividend on Thursday, February 26th. Investors of record on Friday, March 6th will be paid a dividend of 0.1762 per share on Friday, March 13th. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Friday, March 6th. This is a 19.9% increase from Hafnia’s previous quarterly dividend of $0.15.

Hafnia Trading Up 2.2%

HAFN traded up $0.16 during midday trading on Thursday, reaching $7.42. 1,359,229 shares of the company’s stock were exchanged, compared to its average volume of 1,245,079. Hafnia has a one year low of $3.61 and a one year high of $7.57. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $6.02.

Hafnia (NYSE:HAFN) last announced its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $592.96 million during the quarter, compared to analysts’ expectations of $285.64 million. Hafnia had a net margin of 29.50% and a return on equity of 13.50%.

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.