Dorian LPG Ltd. Declares Dividend of $0.70 (NYSE:LPG)

Dorian LPG Ltd. (NYSE:LPG) announced a dividend on Friday, January 24th,NASDAQ Dividends reports. Investors of record on Wednesday, February 5th will be paid a dividend of 0.70 per share by the shipping company on Thursday, February 27th. The ex-dividend date of this dividend is Wednesday, February 5th.

Dorian LPG Stock Down 2.2 %

Dorian LPG stock traded down $0.52 during mid-day trading on Friday, hitting $23.68. The company’s stock had a trading volume of 794,172 shares, compared to its average volume of 601,365. The firm’s 50 day moving average is $24.51 and its 200 day moving average is $31.53. The company has a market cap of $1.01 billion, a PE ratio of 4.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. Dorian LPG has a 52-week low of $22.46 and a 52-week high of $51.66.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The firm had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. During the same period in the previous year, the company earned $1.85 earnings per share. The business’s revenue for the quarter was down 43.1% on a year-over-year basis. On average, analysts anticipate that Dorian LPG will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Dorian LPG in a research report on Thursday, October 31st.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.