Scorpio Tankers Inc. (NASDAQ:STNG) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Monday, September 25th will be paid a dividend of 0.01 per share by the shipping company on Friday, September 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, September 22nd.

Shares of Scorpio Tankers (STNG) traded up 4.99% on Thursday, hitting $3.58. The stock had a trading volume of 2,643,958 shares. Scorpio Tankers has a one year low of $3.20 and a one year high of $5.01. The firm’s 50 day moving average is $3.61 and its 200-day moving average is $3.93. The stock’s market capitalization is $582.51 million.

TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/14/scorpio-tankers-inc-stng-to-issue-0-01-quarterly-dividend.html.

A number of analysts have recently commented on STNG shares. Jefferies Group LLC restated a “buy” rating and issued a $6.00 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. Credit Suisse Group set a $7.00 price target on Scorpio Tankers and gave the company a “buy” rating in a report on Wednesday, May 24th. Stifel Nicolaus restated a “buy” rating and issued a $8.00 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. Seaport Global Securities restated a “buy” rating and issued a $7.50 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. Finally, BidaskClub lowered Scorpio Tankers from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Scorpio Tankers currently has an average rating of “Buy” and a consensus target price of $6.44.

Scorpio Tankers Company Profile

Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. As of March 15, 2017, the Company’s fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet).

Dividend History for Scorpio Tankers (NASDAQ:STNG)

Receive News & Ratings for Scorpio Tankers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scorpio Tankers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.