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

BW LPG Limited (NYSE:BWLP) announced a quarterly dividend on Thursday, August 27th. Investors 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 of this dividend 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 NYSE BWLP traded down $0.51 on Friday, reaching $23.90. 394,426 shares of the company’s stock traded hands, compared to its average volume of 414,913. The business’s 50 day simple moving average is $20.95 and its two-hundred day simple moving average is $19.37. BW LPG has a 12 month low of $11.72 and a 12 month high of $25.48. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 10.04 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.

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

BW LPG Company Profile

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.