Beskrivning
Land | Singapore |
---|---|
Lista | OBX |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2024-04-09 05:30:10
9 April 2024
Hafnia Limited ("Hafnia" or the "Company") is pleased to announce that its Board
of Directors has approved an increase in the dividend payout ratio, which shall
be effective today.
Under the revised dividend policy, Hafnia will increase its payout ratio from
the previous 70%, to 80%, when the net loan-to-value is above 20% but equal to
or below 30%. Furthermore, as the net loan-to-value is equal to or below 20%,
the payout ratio will be further elevated to 90% from the previous 80%.
Following this update to Hafnia's dividend policy, Hafnia targets a quarterly
payout ratio of net profit, adjusted for extraordinary items, of:
Net loan-to-value Payout of net profit (%)
Above 40 % 50
Above 30 % but equal to or below 40% 60
Above 20 % but equal to or below 30% 80
Equal to or below 20 % 90
"The strong markets we've experienced in previous years have enabled us to
achieve record earnings," said Mikael Skov, CEO of Hafnia. "After careful
consideration, we believe this increase in our dividend policy will allow us to
maintain a good balance between shareholder value and ensuring resources for
debt repayments and any future investments, without exposing the company to
unnecessary debt risk."
Hafnia remains committed to delivering strong shareholder value to its
shareholders while safeguarding financial stability.
* * *
For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900
This information is considered to include inside information pursuant to the EU
Market Abuse Regulation article 7 and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Charleston Lim of Hafnia Limited, on 9
April 2024 at 05:30 CEST.
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 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.