Scorpio Tankers Announces $0.75 Per Share Quarterly Dividend
Scorpio Tankers (STNG) has declared a quarterly dividend of $0.75 per share. The dividend is scheduled to be paid on December 4, with the ex-dividend date and record date both set for November 13. The announcement comes amid a volatile maritime landscape where oil tanker rates have reached record highs due to geopolitical risks in the Middle East affecting shipping routes. While the company maintains strong cash positions, analysts note that freight rates may face future corrections despite current high earnings.
Tickers: $STNG
Topics: dividend declaration quarterly dividend shipping rates