BW LPG Limited (NYSE:BWLP) to Issue Quarterly Dividend of NOK 6.20

BW LPG Limited (NYSE:BWLP) declared a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Friday, June 12th will be given a dividend of 6.196 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a 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 Up 3.1%

NYSE:BWLP traded up $0.62 during mid-day trading on Tuesday, hitting $20.38. The company had a trading volume of 652,040 shares, compared to its average volume of 469,673. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 12.51 and a beta of 1.09. BW LPG has a 1 year low of $10.16 and a 1 year high of $22.92. The business has a fifty day simple moving average of $19.05 and a 200-day simple moving average of $16.06. 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 issued its earnings results 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%.

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.