BW LPG Limited (NYSE:BWLP) to Issue Quarterly Dividend of 0.57

BW LPG Limited (NYSE:BWLP) declared a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Friday, March 13th will be given a dividend of 0.5652 per share on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date of this dividend is Friday, March 13th. This is a 41.3% increase from BW LPG’s previous quarterly dividend of $0.40.

BW LPG Price Performance

NYSE:BWLP traded down $0.06 during trading hours on Friday, hitting $16.02. The stock had a trading volume of 214,325 shares, compared to its average volume of 422,890. The company has a 50 day simple moving average of $15.91 and a two-hundred day simple moving average of $14.29. The firm has a market capitalization of $2.42 billion and a price-to-earnings ratio of 10.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.50 and a quick ratio of 1.21. BW LPG has a one year low of $7.86 and a one year high of $18.84.

BW LPG (NYSE:BWLP) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. BW LPG had a return on equity of 12.61% and a net margin of 6.76%.The company had revenue of $732.40 million during the quarter, compared to analyst estimates of $217.18 million.

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.