BW LPG Limited (NYSE:BWLP) Declares Dividend Increase – NOK 6.20 Per Share

BW LPG Limited (NYSE:BWLP) declared a quarterly dividend on Tuesday, June 2nd. Stockholders of record on Friday, June 12th will be paid a dividend of 6.196 per share on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 121.6%. The ex-dividend date of this dividend is Friday, June 12th. This is a 996.2% increase from BW LPG’s previous quarterly dividend of $0.57.

BW LPG Stock Performance

Shares of BWLP traded up $0.62 during midday trading on Tuesday, reaching $20.38. The stock had a trading volume of 652,040 shares, compared to its average volume of 469,673. The firm has a 50 day simple moving average of $19.05 and a 200-day simple moving average of $16.06. BW LPG has a one year low of $10.16 and a one year high of $22.92. The firm has a market cap of $3.08 billion, a PE ratio of 12.51 and a beta of 1.09. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). BW LPG had a net margin of 6.76% and a return on equity of 12.61%.

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.