BW LPG Limited Declares Dividend of $0.28 (NYSE:BWLP)

BW LPG Limited (NYSE:BWLP - Get Free Report) announced a dividend on Saturday, May 24th, investing.com reports. Stockholders of record on Monday, June 2nd will be paid a dividend of 0.28 per share on Monday, June 9th. This represents a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, May 30th.

BW LPG Stock Performance

BWLP traded up $0.17 during trading hours on Thursday, hitting $10.86. The company's stock had a trading volume of 162,661 shares, compared to its average volume of 462,457. BW LPG has a fifty-two week low of $7.86 and a fifty-two week high of $22.31. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.43 billion and a PE ratio of 5.74. The company has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $11.36.

BW LPG (NYSE:BWLP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.21 by $0.09. The business had revenue of $158.70 million during the quarter, compared to analyst estimates of $183.96 million.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BW LPG stock. Royal Bank of Canada lifted its stake in BW LPG Limited (NYSE:BWLP - Free Report) by 4,137.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,476 shares of the company's stock after purchasing an additional 22,922 shares during the period. Royal Bank of Canada's holdings in BW LPG were worth $255,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Pareto Securities upgraded shares of BW LPG from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.

About BW LPG

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.