Dorian LPG Ltd. (LPG) To Go Ex-Dividend on November 9th

Dorian LPG Ltd. (NYSE:LPG) announced a special dividend on Thursday, October 29th. Shareholders of record on Monday, November 9th will be paid a dividend of $1.25 per share by the shipping company on Tuesday, November 24th. The ex-dividend date is Monday, November 9th.

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

Dorian LPG Price Performance

LPG stock opened at $46.66 on Friday. The company has a market capitalization of $2.00 billion, a P/E ratio of 4.16 and a beta of 0.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The company has a fifty day moving average price of $54.17 and a 200-day moving average price of $42.44. Dorian LPG has a 52-week low of $23.76 and a 52-week high of $59.97.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, November 5th. The shipping company reported $3.46 EPS for the quarter, beating the consensus estimate of $2.85 by $0.61. The firm had revenue of $221.35 million during the quarter, compared to analyst estimates of $195.18 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The company’s revenue for the quarter was up 78.4% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS.

About Dorian LPG

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG’s fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.