About Hafnia Limited (HFIAF) — Dividend Analysis 2026
Hafnia Limited owns and operates oil product tankers. The company operates through four segments: Long Range II (LR2), Long Range I (LR1), Medium Range (MR), and Handy size (Handy). It transports petroleum oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies. The company provides ship owning, ship-management, chartering, investment, and agency office services. As of March 29, 2022, it operated a fleet of 237 vessels, including newbuilds, of which 145 are owned or chartered-in, including 10 owned LR2s, 40 owned and chartered-in LR1s, 58 owned and chartered-in MRs, and 29 owned Handy and eight stainless steel 25K vessels. The company is based in Hamilton, Bermuda. Hafnia Limited is a subsidiary of BW Group Limited.
Is HFIAF a good dividend investment in 2026?
HFIAF offers a 21.09% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
HFIAF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your HFIAF portfolio grows to $12.55M vs $10.26M without reinvestment. This is the compound interest effect in action.
HFIAF dividend growth history & forecast
HFIAF has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 21.09%.
FCF ($282M) is below dividends paid ($564M) — risk of cut (FCF: $282M · Dividends est.: $564M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.8B → -0.1B → +0.1B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 HFIAF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold HFIAF.
Gross yield
21.09%
Tax rate
15.00%
After-tax yield
17.93%
Real yield (−CPI)
15.13%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
21.09%
18.29%
$2,109 / yr
🇺🇸 US Taxable (15%) ✓
15%
17.93%
15.13%
$1,793 / yr
🇺🇸 US Taxable (20%)
20%
16.87%
14.07%
$1,687 / yr
🇬🇧 UK ISA
0%
21.09%
18.29%
$2,109 / yr
🇬🇧 UK Taxable
8.75%
19.24%
16.44%
$1,924 / yr
🇨🇦 TFSA
0%
21.09%
18.29%
$2,109 / yr
🇨🇦 CA Taxable
25%
15.82%
13.02%
$1,582 / yr
🇦🇺 Super (pension)
15%
17.93%
15.13%
$1,793 / yr
🇦🇺 AU Taxable
30%
14.76%
11.96%
$1,476 / yr
🇩🇪 DE Taxable
26.375%
15.53%
12.73%
$1,553 / yr
🇫🇷 FR Taxable
30%
14.76%
11.96%
$1,476 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 HFIAF Income Goal & Break-Even
Dividend Break-Even
6yr
Years for dividends to fully repay your HFIAF investment of $5.31/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$20.6K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$18.2K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in HFIAF for:
Shares needed
25,211
Capital required
$133,870
Monthly income
$2,000
Based on current dividend of $1.12/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 HFIAF Dividend Payment Schedule
HFIAF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$2.38 / payment
$9.52 / year after tax
100 shares
$23.80 / payment
$95.20 / year after tax
1,000 shares
$238.00 / payment
$952.00 / year after tax
📊 HFIAF vs Industrials Benchmarks
How HFIAF compares to typical Industrials averages.
Benchmark: Industrials
Dividend Yield▲+18.89% vs sectorBetter
HFIAF
21.09%
avg
2.20%
5Y Dividend CAGR▼-7.50% vs sectorBelow avg
HFIAF
0.00%
avg
7.50%
Payout Ratio▼+6.00% vs sectorBelow avg
HFIAF
50.00%
avg
44.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for HFIAF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ HFIAF Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
2.28
⚠️ Grey Zone — monitor closely
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
6/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the HFIAF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →