BW LPG Limited (NYSE:BWLP) Announces Dividend Increase – NOK 6.20 Per Share

BW LPG Limited (NYSE:BWLPGet Free Report) announced a quarterly dividend on Tuesday, June 2nd. Investors of record on Friday, June 12th will be paid a dividend of 6.196 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 122.4%. The ex-dividend date of this dividend is Friday, June 12th. This is a 996.2% increase from BW LPG’s previous quarterly dividend of $0.57.

BW LPG Stock Up 2.4%

Shares of NYSE BWLP opened at $20.25 on Wednesday. BW LPG has a 12-month low of $10.16 and a 12-month high of $22.92. The stock has a market cap of $3.06 billion, a PE ratio of 12.65 and a beta of 1.09. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $19.05 and a 200 day moving average of $16.06.

BW LPG (NYSE:BWLPGet Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.05). The business had revenue of $195.30 million for the quarter, compared to analysts’ expectations of $330.60 million. BW LPG had a net margin of 6.76% and a return on equity of 12.61%.

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BW LPG Company Profile

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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.

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Dividend History for BW LPG (NYSE:BWLP)

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