Scorpio Tankers Inc. (STNG) To Go Ex-Dividend on May 29th

Scorpio Tankers Inc. (NYSE:STNG) declared a quarterly dividend on Monday, May 4th. Shareholders 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 yield of 2.2%. The ex-dividend date is Friday, May 29th.

Scorpio Tankers has increased its dividend by an average of 0.3%annually over the last three years and has increased 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. Analysts expect Scorpio Tankers to earn $6.43 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 28.0%.

Scorpio Tankers Trading Up 0.3%

NYSE STNG opened at $80.47 on Wednesday. The company has a quick ratio of 13.87, a current ratio of 13.98 and a debt-to-equity ratio of 0.16. Scorpio Tankers has a 52 week low of $37.96 and a 52 week high of $87.39. The stock has a market capitalization of $4.06 billion, a PE ratio of 7.91 and a beta of -0.24. The firm has a 50 day moving average of $77.21 and a two-hundred day moving average of $67.10.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings results on Wednesday, May 6th. The shipping company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.79 by $0.23. Scorpio Tankers had a net margin of 48.44% and a return on equity of 11.72%. The company had revenue of $312.86 million during the quarter, compared to analysts’ expectations of $286.81 million. During the same quarter in the previous year, the business posted $1.03 EPS. The firm’s revenue was up 46.2% on a year-over-year basis. As a group, research analysts expect that Scorpio Tankers will post 11.44 EPS for the current fiscal year.

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.