8. Scorpio Tankers Inc. (NYSE:STNG)
Dividend yield: 4.02%
Ex-Dividend Date: March 7, 2025
Number of Hedge Funds: 32
Monaco-based tanker shipping company, Scorpio Tankers Inc. (NYSE:STNG) is a leader in transporting refined petroleum products. The company owns or leases a fleet of product tankers, including LR2, MR, and Handymax tankers. Its current fleet has an average life of 8.8 years. The company prioritizes fuel efficiency and environmental friendliness in its transportation services. The key regions served by the company include the Baltic/North Sea, the Gulf/Mediterranean/Europe/Asia, and potentially others.
As of February 28, 2025, Scorpio Tankers Inc. (NYSE:STNG) records a 20.49% decline in its year-to-date return. The market challenges, including declining tanker rates and oversupply in Europe, contribute to the deterioration of the company’s value. Additionally, the ongoing refinery maintenance decreased seaborne volumes, causing the company’s value to go down further. The company’s EPS during the fourth quarter stood at $0.63, falling short of the anticipated value of $1.68. However, the repurchase of shares amounting to $419 million and the completion of special surveys and dry docking of 54 vessels in 2024 point to a positive outlook for the company.
Scorpio Tankers Inc. (NYSE:STNG) presents a dividend yield of 4.02%, backed by a 12.17% payout ratio, which suggests that the company can fund its payouts using its earnings alone. A strong institutional interest is recognized with 32 hedge funds from the Insider Monkey database on board.
Analysts forecast a massive 72.54% upside to $69 and maintain a Buy rating. Investors interested in the next dividend payout can purchase the stock before March 7, 2025.
