Dorian LPG Ltd. (LPG) to Issue Special Dividend of $1.00 on May 28th

Dorian LPG Ltd. (NYSE:LPG) announced a special dividend on Wednesday, May 6th. Shareholders of record on Monday, May 18th will be given 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 payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings.

Dorian LPG Price Performance

LPG stock opened at $40.85 on Friday. 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 has a 52-week low of $20.03 and a 52-week high of $41.65. The stock’s 50 day moving average is $35.57 and its two-hundred day moving average is $30.78. The company has a market capitalization of $1.75 billion, a PE ratio of 14.38 and a beta of 0.63.

Dorian LPG Company Profile

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.