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

Scorpio Tankers Inc. (NYSE:STNG) declared 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) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th.

Scorpio Tankers has increased its dividend 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 dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Research 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 STNG traded up $3.38 during mid-day trading on Tuesday, hitting $86.65. The company’s stock had a trading volume of 1,754,653 shares, compared to its average volume of 1,190,203. The company has a current ratio of 9.33, a quick ratio of 9.23 and a debt-to-equity ratio of 0.19. Scorpio Tankers has a 1-year low of $37.96 and a 1-year high of $87.39. The firm has a market capitalization of $4.49 billion, a P/E ratio of 12.26 and a beta of -0.24. The firm has a 50-day simple moving average of $74.80 and a 200 day simple moving average of $64.52.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings results on Tuesday, May 5th. The shipping company reported $3.02 EPS for the quarter, topping 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%.Scorpio Tankers’s quarterly revenue was up 46.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Analysts predict that Scorpio Tankers will post 8.79 EPS for the current fiscal year.

Key Stories Impacting Scorpio Tankers

Here are the key news stories impacting Scorpio Tankers this week:

• Positive Sentiment: Q1 earnings beat — Scorpio Tankers reported $3.02 EPS, topping consensus and showing roughly 46% revenue growth year-over-year and healthy margins, supporting stronger near-term cash generation. Read More.
• Positive Sentiment: Dividend and buyback boost — The board declared a $0.45 quarterly cash dividend and replenished the securities repurchase program to $500 million, increasing shareholder returns and reducing float risk. Read More.
• Positive Sentiment: Analyst upgrade — BTIG raised its price target to $100 and maintained a Buy rating, implying roughly a mid-teens upside from current levels; that upgrade can attract additional demand from model-driven and coverage-focused investors. Read More.
• Neutral Sentiment: Investor materials available — The company posted the earnings presentation and hosted a conference call; these materials (guidance detail, fleet utilization and chartering outlook) will be key for assessing sustainability of Q1 strength. Read More.

Scorpio Tankers Company Profile

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.