Scorpio Tankers (STNG) Declares $0.125 Quarterly Dividend; 8.8% Yield

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Go back to Scorpio Tankers (STNG) Declares $0.125 Quarterly Dividend; 8.8% Yield

Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2015 and Declaration of a Quarterly Dividend

February 29, 2016 6:16 AM EST

MONACO -- (Marketwired) -- 02/29/16 -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") today reported its results for the three months and year ended December 31, 2015 and declaration of a quarterly dividend.

Results for the three months ended December 31, 2015 and 2014

For the three months ended December 31, 2015, the Company's adjusted net income was $36.3 million (see Non-IFRS Measures section below), or $0.22 basic and $0.21 diluted earnings per share, which excludes (i) a $0.7 million write-off of deferred financing fees, (ii) a $0.7 million write-off of deposits made for options to construct MR product... More