Dorian LPG Ltd. (NYSE:LPG) Shareholders to Get $1.25 Special Dividend

Dorian LPG Ltd. (NYSE:LPG) declared a special dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $1.25 per share by the shipping company on Tuesday, November 24th. The ex-dividend date is Monday, November 9th.

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

Dorian LPG Price Performance

LPG opened at $46.66 on Friday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 4.16 and a beta of 0.64. Dorian LPG has a 12-month low of $23.76 and a 12-month high of $59.97. The business’s fifty day simple moving average is $54.17 and its 200-day simple moving average is $42.44. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, November 5th. The shipping company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.61. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%. The business had revenue of $221.35 million during the quarter, compared to analysts’ expectations of $195.18 million. During the same quarter last year, the business posted $1.31 EPS. The business’s quarterly revenue was up 78.4% compared to the same quarter last year.

About Dorian LPG

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG’s fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.