BW LPG Limited (NYSE:BWLP) Increases Dividend to 5.43 Per Share

BW LPG Limited (NYSE:BWLP) announced a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Friday, March 13th will be paid a dividend of 5.4297 per share on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 117.8%. The ex-dividend date is Friday, March 13th. This is a 1,257.4% increase from BW LPG’s previous quarterly dividend of $0.40.

BW LPG Trading Down 1.5%

NYSE:BWLP traded down $0.29 during trading hours on Tuesday, reaching $18.44. The company’s stock had a trading volume of 534,556 shares, compared to its average volume of 385,274. The firm has a 50-day simple moving average of $15.11 and a 200-day simple moving average of $14.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.47. BW LPG has a 1 year low of $7.86 and a 1 year high of $18.84. The firm has a market capitalization of $2.79 billion and a price-to-earnings ratio of 16.32.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. BW LPG had a return on equity of 8.78% and a net margin of 4.57%.The firm had revenue of $258.21 million for the quarter, compared to analysts’ expectations of $217.18 million.

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.