Hafnia Limited (NYSE:HAFN) Raises Dividend to $0.50 Per Share

Hafnia Limited (NYSE:HAFN) declared a quarterly dividend on Thursday, August 27th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.5003 per share on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 23.6%. The ex-dividend date of this dividend is Tuesday, September 8th. This is a 73.9% increase from Hafnia’s previous quarterly dividend of $0.29.

Hafnia Stock Up 2.2%

NYSE:HAFN traded up $0.18 during mid-day trading on Friday, hitting $8.47. 1,847,675 shares of the company’s stock traded hands, compared to its average volume of 1,649,167. The company has a fifty day moving average of $7.47 and a 200 day moving average of $7.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.60. Hafnia has a twelve month low of $5.17 and a twelve month high of $9.53. The company has a market capitalization of $4.34 billion, a P/E ratio of 9.31 and a beta of 0.63.

Hafnia (NYSE:HAFN) last issued its quarterly earnings results on Saturday, August 29th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.The business had revenue of $834.53 million during the quarter, compared to the consensus estimate of $394.57 million.

Institutional Investors Weigh In On Hafnia

A number of large investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hafnia by 82.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 431,462 shares of the company’s stock worth $1,795,000 after buying an additional 194,751 shares during the period. Jane Street Group LLC lifted its stake in Hafnia by 241.6% during the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after acquiring an additional 576,629 shares during the period. JPMorgan Chase & Co. lifted its stake in Hafnia by 26.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 233,532 shares of the company’s stock valued at $1,165,000 after acquiring an additional 49,409 shares during the period. First Trust Advisors LP boosted its holdings in shares of Hafnia by 138.5% in the 2nd quarter. First Trust Advisors LP now owns 144,871 shares of the company’s stock valued at $725,000 after acquiring an additional 84,140 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of Hafnia in the 2nd quarter valued at $131,000.

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.