BW LPG Limited (NYSE:BWLP) Increases Dividend to $0.40 Per Share

BW LPG Limited (NYSE:BWLP) declared a quarterly dividend on Tuesday, December 2nd. Investors of record on Friday, December 12th will be paid a dividend of 0.40 per share on Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Friday, December 12th. This is a 81.8% increase from BW LPG’s previous quarterly dividend of $0.22.

BW LPG Price Performance

NYSE:BWLP traded up $0.53 during trading hours on Wednesday, hitting $12.52. The company’s stock had a trading volume of 415,806 shares, compared to its average volume of 420,927. BW LPG has a 52-week low of $7.86 and a 52-week high of $16.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.22 and a current ratio of 1.27. The business’s 50-day moving average is $13.10 and its two-hundred day moving average is $13.29. The company has a market capitalization of $1.65 billion and a PE ratio of 8.13.

BW LPG (NYSE:BWLP) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $242.92 million. BW LPG had a return on equity of 11.70% and a net margin of 6.09%.

About BW LPG

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.