BW LPG Limited (NYSE:BWLP) Declares Quarterly Dividend of $0.40

BW LPG Limited (NYSE:BWLP) announced a quarterly dividend on Tuesday, December 2nd. Stockholders of record on Friday, December 12th will be paid a dividend of 0.40 per share on Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Friday, December 12th. This is a 81.8% increase from BW LPG’s previous quarterly dividend of $0.22.

BW LPG Trading Down 4.2%

Shares of NYSE:BWLP traded down $0.52 during midday trading on Tuesday, reaching $12.01. The company had a trading volume of 1,569,627 shares, compared to its average volume of 291,783. The company has a fifty day simple moving average of $13.17 and a two-hundred day simple moving average of $13.28. The firm has a market cap of $1.58 billion and a price-to-earnings ratio of 8.14. BW LPG has a 1-year low of $7.86 and a 1-year high of $16.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.22 and a current ratio of 1.27.

BW LPG (NYSE:BWLP) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.19). BW LPG had a return on equity of 11.70% and a net margin of 6.09%.The company had revenue of $279.98 million for the quarter, compared to analyst estimates of $242.92 million.

Hedge Funds Weigh In On BW LPG

A number of large investors have recently made changes to their positions in BWLP. Jupiter Asset Management Ltd. lifted its position in shares of BW LPG by 14.6% in the first quarter. Jupiter Asset Management Ltd. now owns 308,172 shares of the company’s stock worth $3,335,000 after purchasing an additional 39,345 shares in the last quarter. Delta Financial Group Inc. purchased a new stake in BW LPG in the 1st quarter worth approximately $188,000. Vanguard Group Inc. boosted its stake in shares of BW LPG by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 3,391,944 shares of the company’s stock valued at $36,915,000 after buying an additional 239,578 shares during the period. Swiss National Bank boosted its stake in shares of BW LPG by 12.0% during the 1st quarter. Swiss National Bank now owns 186,278 shares of the company’s stock valued at $2,012,000 after buying an additional 19,901 shares during the period. Finally, Nuveen LLC purchased a new position in shares of BW LPG during the 1st quarter valued at $907,000.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.