Scorpio Tankers (STNG) Declares $0.125 Quarterly Dividend; 7.7% Yield
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Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2016 and Declaration of a Quarterly Dividend
April 27, 2016 7:37 AM EDTMONACO -- (Marketwired) -- 04/27/16 -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") today reported its results for the three months ended March 31, 2016 and declaration of a quarterly dividend.
Results for the three months ended March 31, 2016 and 2015
For the three months ended March 31, 2016, the Company's adjusted net income was $30.5 million (see Non-IFRS Measures section below), or $0.19 basic and $0.18 diluted earnings per share, which excludes (i) a $2.2 million loss on sales of vessels and write-down of vessels held for sale, (ii) a $1.8 million write-off of deferred... More
