BW LPG (OTCMKTS:BWLLY) Upgraded by Pareto Securities to “Buy”

Pareto Securities upgraded shares of BW LPG (OTCMKTS:BWLLYGet Rating) from a hold rating to a buy rating in a research report released on Monday, The Fly reports.

BW LPG Price Performance

BWLLY stock opened at $8.66 on Monday. The company has a fifty day moving average price of $7.36 and a 200-day moving average price of $7.69. BW LPG has a 52-week low of $6.40 and a 52-week high of $9.60.

BW LPG Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were paid a dividend of $0.4737 per share. The ex-dividend date was Thursday, March 9th. This represents a dividend yield of 12.49%. This is an increase from BW LPG’s previous dividend of $0.22.

BW LPG Company Profile

(Get Rating)

BW LPG Limited, an investment holding company, engages in shipowning and chartering activities worldwide. The company operates through two segments, Very Large Gas Carriers (VLGCs) and Product Services. It is involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies.

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