BW LPG Limited (NYSE:BWLP) Plans Dividend Increase – NOK 8.89 Per Share

BW LPG Limited (NYSE:BWLP) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be given a dividend of 8.8914 per share on Wednesday, September 16th. This represents a c) annualized dividend and a yield of 148.8%. The ex-dividend date is Tuesday, September 8th. This is a 43.5% increase from BW LPG’s previous quarterly dividend of $6.20.

BW LPG Stock Down 2.1%

Shares of BWLP traded down $0.51 on Friday, reaching $23.90. The stock had a trading volume of 394,469 shares, compared to its average volume of 414,913. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47. BW LPG has a 12-month low of $11.72 and a 12-month high of $25.48. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 10.04 and a beta of 0.99. The company has a 50-day simple moving average of $20.95 and a 200-day simple moving average of $19.37.

BW LPG (NYSE:BWLP) last issued its quarterly earnings results on Saturday, August 29th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.38). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $318.01 million. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.

About BW LPG

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.