Scorpio Tankers raised its quarterly dividend 67% to 75 cents a share from 45 cents.
The refined petroleum products transportation company plans to pay the new dividend on Dec. 4 to shareholders of record as of Nov. 13.
The new payout, equal to $3 a year, represents an annual payout of 3.5% based on Tuesday's closing price of $85.33. The company last raised its dividend to 45 cents per share in February.
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