Scorpio Tankers Boosts Dividend, Optimizes Finances

Scorpio Tankers (STNG) has released an update.

Scorpio Tankers Inc. reports a significant increase in net income for Q2 2024, announcing a quarterly cash dividend of $0.40 per share and enhancing its securities repurchase program to $400 million. The company’s financial maneuvers include debt repayments and credit facility amendments aimed at improving flexibility and reducing cash break-even rates. Scorpio Tankers also detailed vessel sales and share repurchases, indicating a proactive approach to capital management and operational efficiency.

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