BW LPG Limited (NYSE:BWLP) Plans Quarterly Dividend of NOK 8.89

BW LPG Limited (NYSE:BWLP) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Tuesday, September 8th will be paid a dividend of 8.8914 per share on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 148.8%. The ex-dividend date of this dividend is Tuesday, September 8th. This is a 43.5% increase from BW LPG’s previous quarterly dividend of $6.20.

BW LPG Stock Performance

BWLP traded down $0.51 during midday trading on Friday, reaching $23.90. The company had a trading volume of 394,426 shares, compared to its average volume of 414,913. The business has a 50-day moving average of $20.95 and a two-hundred day moving average of $19.37. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36. BW LPG has a 1 year low of $11.72 and a 1 year high of $25.48. The company has a market cap of $3.62 billion, a P/E ratio of 10.04 and a beta of 0.99.

BW LPG (NYSE:BWLP) last posted its quarterly earnings data on Saturday, August 29th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.38). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $318.01 million. BW LPG had a net margin of 10.13% and a return on equity of 18.51%.

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.