Dorian LPG Ltd. (LPG) To Go Ex-Dividend on May 18th

Dorian LPG Ltd. (NYSE:LPG) announced a special dividend on Wednesday, May 6th. Shareholders of record on Monday, May 18th will be paid a dividend of 1.00 per share by the shipping company on Thursday, May 28th. The ex-dividend date is Monday, May 18th.

Dorian LPG has a dividend payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings.

Dorian LPG Price Performance

Shares of Dorian LPG stock traded up $0.26 during trading on Friday, reaching $40.07. The company’s stock had a trading volume of 307,689 shares, compared to its average volume of 533,200. The business has a 50 day moving average price of $35.12 and a 200-day moving average price of $30.24. Dorian LPG has a 12-month low of $20.03 and a 12-month high of $40.69. The company has a market capitalization of $1.71 billion, a P/E ratio of 14.11 and a beta of 0.63. The company has a quick ratio of 2.40, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Wednesday, February 4th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.06). The business had revenue of $119.96 million during the quarter, compared to analysts’ expectations of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company’s revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.