BW LPG Limited (NYSE:BWLP) Announces Dividend Increase – 5.43 Per Share

BW LPG Limited (NYSE:BWLP) declared a quarterly dividend on Tuesday, March 3rd. Shareholders of record on Friday, March 13th will be given a dividend of 5.4297 per share on Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 117.8%. The ex-dividend date of this dividend is Friday, March 13th. This is a 1,257.4% increase from BW LPG’s previous quarterly dividend of $0.40.

BW LPG Trading Down 1.5%

Shares of NYSE:BWLP opened at $18.44 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.47. The stock’s 50-day moving average is $15.23 and its 200-day moving average is $14.24. The company has a market cap of $2.79 billion and a P/E ratio of 16.32. BW LPG has a 52-week low of $7.86 and a 52-week high of $18.84.

BW LPG (NYSE:BWLP) last announced its earnings results on Tuesday, March 3rd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. The firm had revenue of $732.40 million during the quarter, compared to the consensus estimate of $217.18 million. BW LPG had a return on equity of 8.78% and a net margin of 4.57%.

Wall Street Analysts Forecast Growth

BWLP has been the subject of a number of research analyst reports. Clarkson Capital raised shares of BW LPG from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, BW LPG has an average rating of “Moderate Buy”.

BW LPG Company Profile

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.