BW LPG Limited (NYSE:BWLP) Announces $0.22 Quarterly Dividend

Key Points

• BW LPG Limited announced a quarterly dividend of $0.22 per share, with an ex-dividend date of September 5th and a dividend yield of 5.7%.
• The company reported a net margin of 6.09% and earnings per share of $0.23, which missed analyst estimates of $0.26.
• BW LPG's current stock price is $15.57, having experienced a trading volume of 221,612 shares, below its average volume of 431,301.

BW LPG Limited (NYSE:BWLP - Get Free Report) announced a quarterly dividend on Tuesday, August 26th. Investors of record on Friday, September 5th will be given a dividend of 0.22 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, September 5th.

BW LPG Price Performance

Shares of NYSE BWLP traded up $0.40 during midday trading on Thursday, reaching $15.57. The company's stock had a trading volume of 221,612 shares, compared to its average volume of 431,301. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $13.60 and a 200 day moving average price of $11.82. BW LPG has a one year low of $7.86 and a one year high of $16.60. The company has a market cap of $2.05 billion and a price-to-earnings ratio of 10.12.

BW LPG (NYSE:BWLP - Get Free Report) last released its quarterly earnings results on Tuesday, August 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.03). BW LPG had a net margin of 6.09% and a return on equity of 11.83%. The firm had revenue of $153.00 million for the quarter, compared to analyst estimates of $170.09 million.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.