Scorpio Tankers (STNG) has released an update.
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Scorpio Tankers Inc. reported a strong first quarter in 2024 with a net income of $214.2 million and an adjusted net income of $206.6 million, reflecting an increase from the previous year’s figures. The company declared a dividend of $0.40 per share and has been actively managing its debt, with plans for significant unscheduled repayments and vessel sales. These financial moves signal their strategy to optimize cash flow and enhance shareholder value.
For further insights into STNG stock, check out TipRanks’ Stock Analysis page.
