Dorian LPG Ltd. Announces Special Dividend of $1.00 (NYSE:LPG)

Dorian LPG Ltd. (NYSE:LPG) announced a special dividend on Thursday, May 7th. Stockholders of record on Monday, May 18th will be given a dividend of 1.00 per share by the shipping company on Thursday, May 28th. The ex-dividend date of this dividend is Monday, May 18th.

Dorian LPG has a payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings.

Dorian LPG Stock Performance

Dorian LPG stock opened at $39.74 on Friday. The company has a 50 day moving average price of $35.12 and a 200-day moving average price of $30.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. Dorian LPG has a fifty-two week low of $20.03 and a fifty-two week high of $40.32. The company has a market capitalization of $1.70 billion, a PE ratio of 13.99 and a beta of 0.63.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Wednesday, February 4th. The shipping company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The company had revenue of $119.96 million for the quarter, compared to the consensus estimate of $115.15 million. During the same period in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 48.7% on a year-over-year basis.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.