HAFNIA LIMITED: Key information relating to dividend for the first quarter 2024

Rhea-AI Summary

Hafnia announced a cash dividend of USD 0.3443 per share for the first quarter of 2024. The dividend is payable in USD, with dividends distributed in NOK for shares registered in the VPS. Key dates include the last day with dividend rights on May 21, 2024, ex-date on May 22, 2024, and record date on May 23, 2024. Payment dates are approximately May 29, 2024, for shares in the Depository Trust Company (US) and June 3, 2024, for shares in Euronext Securities Oslo (VPS). The dividend was approved on May 14, 2024, and complies with Norwegian Securities Trading Act Section 5-12.

Positive

• Dividend amount of USD 0.3443 per share for Q1 2024.
• Dividend payment scheduled for May 29, 2024 (US) and June 3, 2024 (VPS).
• Approval of the dividend on May 14, 2024.

Negative

• No information on overall company earnings or revenue for Q1 2024.
• Potential currency exchange risk for dividends paid in NOK for VPS-registered shares.
• Dividend information could indicate reinvestment in the business.

Insights

Financial Analyst

The announcement of Hafnia Limited's cash dividend for the first quarter of 2024 is significant news for investors. A dividend of 0.3443 USD per share indicates that the company is sharing its profits with shareholders, which is generally a positive sign. This kind of financial news can often provide reassurance to retail investors about the company's financial health and stability.

For investors, it's essential to consider both the short-term and long-term implications of this dividend. In the short term, the ex-dividend date (22 May 2024) is critical. Investors who purchase shares on or after this date will not receive the dividend. Understanding this timing can help investors make informed decisions about buying or selling shares.

From a longer-term perspective, the consistent payment of dividends can signal robust financial performance and a commitment to returning value to shareholders. However, it's also important to consider the sustainability of these dividends. Are they funded from consistent earnings, or is the company taking on debt to maintain them?

The declared currency being USD, while the company distributes dividends in NOK for shares registered in the VPS, introduces some currency risk and exchange rate considerations. Investors should be aware of potential fluctuations in currency exchange rates, which can impact the final amount received.

Overall, this dividend declaration suggests confidence in the company's performance and an intention to reward shareholders. However, investors should also keep an eye on future earnings reports and any changes in the broader economic environment that could impact the company's ability to maintain these payouts.

 

SINGAPORE--(BUSINESS WIRE)-- Reference is made to the announcement made by Hafnia Limited (the “Company") on 15 May 2024 announcing the Company's first quarter results and cash dividend.

Key information relating to the cash dividend paid by the Company for the first quarter 2024:

• Dividend amount: 0.3443 per share.
• Declared currency: USD. Dividends payable to shares registered in the VPS will be distributed in NOK.
• Last day including right to dividends: 21 May 2024.
• Ex-date: 22 May 2024.
• Record date: 23 May 2024.
• Payment date: On or about 29 May 2024 for shares registered in the Depository Trust Company in the United States. Dividends payable to shares registered in Euronext Securities Oslo (VPS) will be distributed on or about 3 Jun 2024.
• Date of approval: 14 May 2024.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About Hafnia:

Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.

As owners and operators of over 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514968244/en/

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

What is the dividend amount for HAFN shares in Q1 2024?

The dividend amount is USD 0.3443 per share.

When is the record date for HAFN's Q1 2024 dividend?

The record date is May 23, 2024.

When will HAFN's Q1 2024 dividend be paid for shares in the US?

The dividend will be paid on or about May 29, 2024.

When is the ex-date for HAFN's Q1 2024 dividend?

The ex-date is May 22, 2024.

How will the Q1 2024 dividend be paid to shares registered in VPS?

Dividends will be distributed in NOK on or about June 3, 2024.

What is the last day to buy HAFN shares with dividend rights for Q1 2024?

The last day is May 21, 2024.