Dividend Flows Summary: Forecasted dividends of $0.13 are lurking just around the corner for Scorpio Tankers Inc. (NYSE:STNG) shareholder?

Dividend Flows Summary: Forecasted dividends of $0.13 are lurking just around the corner for Scorpio Tankers Inc. (NYSE:STNG) shareholder?

Scorpio Tankers Inc. (NYSE:STNG) is expected to pay $0.13 on Dec 22, 2016. The indicated annual dividend is $0.50. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Scorpio Tankers Inc.’s current price of $4.28, the dividend is 2.92%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 14, 2016. The stock decreased 0.93% or $0.04 on November 18, hitting $4.28. Scorpio Tankers Inc. (NYSE:STNG) has declined 29.95% since April 19, 2016 and is downtrending. It has underperformed by 33.81% the S&P500.

Scorpio Tankers Inc. is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The company has a market cap of $733.70 million. The Firm operates through four divisions: Handymax, MR, Panamax/LR1 and Aframax/LR2. It has a 5.52 P/E ratio. The Company’s fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers, which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet.

Scorpio Tankers Inc. (NYSE:STNG) Ratings Coverage

Out of 5 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Scorpio Tankers Inc. has been the topic of 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, February 18 by Deutsche Bank. The rating was upgraded by ABN Amro to “Hold” on Friday, July 1. UBS downgraded it to “Neutral” rating and $5 target price in Tuesday, July 26 report. Deutsche Bank initiated the stock with “Hold” rating in Tuesday, December 15 report. The stock of Scorpio Tankers Inc. (NYSE:STNG) earned “Buy” rating by Bank of America on Tuesday, July 21. The firm has “Hold” rating given on Tuesday, November 15 by Deutsche Bank. As per Wednesday, July 27, the company rating was maintained by Jefferies.

More news for Scorpio Tankers Inc. (NYSE:STNG) were recently published by: Finance.Yahoo.com, which released: “Scorpio Tankers Inc. Announces the Death of Director” on November 14, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: NetEase, Scorpio Tankers and Fortive” and published on November 18, 2016 is yet another important article.

STNG Company Profile

Scorpio Tankers Inc. (Scorpio Tankers), incorporated on July 1, 2009, is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Firm operates through four divisions: Handymax, MR, Panamax/LR1 and Aframax/LR2. The Company’s fleet consists of approximately 78 tankers (over 18 LR2 tankers, approximately 14 Handymax tankers and over 46 MR tankers) with a weighted average age of approximately 1.5 years, and approximately 11 time chartered-in tankers which it operates (approximately three LR2 tankers, a LR1 tanker, over four MR tankers and approximately three Handymax tankers), which it refers to collectively as its Operating Fleet.

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