Scorpio Tankers Inc. (NYSE:STNG) will begin trading ex-dividend on November 20, 2020. The quarterly dividend payment of $ 0.10 per share is scheduled to be paid on December 14, 2020. The dividend yield based on the latest trading day closing price was 3.79 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 20, 2020.
Dividends History
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Scorpio Tankers Inc. recently reported second quarter financial results on August 6, 2020, before market open, seaborne transportator of petroleum products revealed income for the second quarter of $ 2.40 per share, from the revenue of $ 346.24 million. The quarterly revenues swell 129.59 percent compared with the same quarter last year. Street analysts expected Scorpio Tankers Inc. recently reported second quarter financial results on August 6, 2020, before market open, seaborne transportator of petroleum products to report income of $ 2.88 per share on revenue of $ 371.26 million for the second quarter. The bottom line results missed street analysts by $ 0.48 or 16.67 percent, at the same time, top line results fell short of analysts by $ 25.02 million or 6.74 percent.
Stock Performance
On Friday, shares of Scorpio Tankers Inc. has traded high as $ 10.59 and has cracked $ 10.01 on the downward trend, reaching $ 10.55 with volume of 1.05 million shares.
According to the previous trading day, closing price of $ 10.55, representing a 21.98 % increase from the 52 week low of $ 8.28 and a 75.03 % decrease over the 52 week high of $ 40.45.
The company has a market capital of $ 611.90 million and is part of the Industrials sector and Shipping & Ports industry.
Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 20, 2019, its owned or finance leased 109 product tankers, including 38 LR2 tankers, 12 LR1 tankers, 45 MR tankers, and 14 Handymax tankers with an average age of 3.6 years; and time or bareboat chartered-in 10 product tankers comprising 3 MR tankers and 7 Handymax tankers. The company was founded in 2009 and is based in Monaco.
