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

Hafnia Limited (NYSE:HAFN) announced 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 dividend yield of 9.5%. The ex-dividend date is Friday, March 6th. This is a 19.9% increase from Hafnia’s previous quarterly dividend of $0.15.

Hafnia Price Performance

NYSE:HAFN opened at $7.42 on Friday. Hafnia has a twelve month low of $3.61 and a twelve month high of $7.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.38. The company’s 50-day moving average price is $6.04 and its 200-day moving average price is $6.03.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Hafnia in a report on Wednesday, December 24th. Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Hafnia Company Profile

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.