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

Rhea-AI Summary

Hafnia (OSE: HAFNI, NYSE: HAFN) has announced a cash dividend of $0.3790 per share for Q3 2024. For shares registered in Euronext VPS, the last trading day including dividends is December 4, 2024, with payment around December 17, 2024. For shares in the Depository Trust Company, the last trading day including dividends is December 5, 2024, with payment around December 12, 2024. Hafnia operates approximately 200 vessels, providing integrated shipping services including technical management, commercial services, and bunker procurement. The company employs over 4,000 people across offices in Singapore, Copenhagen, Houston, and Dubai.

Positive

• Declared quarterly dividend of $0.3790 per share
• Large fleet of approximately 200 vessels
• Strong global presence with offices in key maritime hubs
• Diversified business model with integrated shipping services

Negative

• None.

Insights

Financial Analyst

This dividend announcement signals strong financial health for Hafnia, offering a substantial $0.379 per share payout for Q3 2024. The timing of the ex-dividend dates across both NYSE and Oslo exchanges demonstrates efficient capital management and commitment to shareholder returns. With a market cap of $2.73 billion and a fleet of approximately 200 vessels, this dividend reflects robust operational performance in the tanker sector. The shipping industry's current favorable conditions, particularly in oil and chemical transportation, support this generous distribution. The dual-listing structure provides enhanced liquidity and broader investor access, while the BW Group backing adds stability to the investment thesis.

SINGAPORE--(BUSINESS WIRE)-- Reference is made to the announcement made by Hafnia Limited ("Hafnia” or the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on November 27, 2024 announcing the Company's third quarter results and cash dividend.

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

• Date of approval: November 27, 2024
• Record date: December 6, 2024
• Dividend amount: 0.3790 per share
• Declared currency: USD. Dividends payable to shares registered in the Euronext VPS will be distributed in NOK.

Shares registered in the Euronext VPS Oslo Stock Exchange:

• Last trading day including right to dividends: December 4, 2024
• Ex-date: December 5, 2024
• Payment date: On or about December 17, 2024

Shares registered in the Depository Trust Company:

• Last trading day including right to dividends: December 5, 2024
• Ex-date: December 6, 2024
• Payment date: On or about December 12, 2024

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

About Hafnia Limited:

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 around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement 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/20241126933261/en/

For further information:

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

What is Hafnia 's (HAFN) Q3 2024 dividend amount?

Hafnia announced a cash dividend of $0.3790 per share for the third quarter of 2024.

When is the ex-dividend date for Hafnia (HAFN) Q3 2024 dividend?

The ex-dividend date is December 5, 2024 for Euronext VPS shares and December 6, 2024 for shares in the Depository Trust Company.

When will Hafnia (HAFN) pay its Q3 2024 dividend?

The dividend payment date is around December 17, 2024 for Euronext VPS shares and around December 12, 2024 for shares in the Depository Trust Company.

What is the record date for Hafnia's (HAFN) Q3 2024 dividend?

The record date for Hafnia's Q3 2024 dividend is December 6, 2024.