Dorian LPG Ltd. Announces Quarterly Dividend of $0.60 (NYSE:LPG)

Key Points

• Dorian LPG Ltd. has declared a quarterly dividend of $0.60 per share, payable to shareholders on August 27, 2023.
• The company reported earnings of $0.27 per share for the last quarter, missing estimates significantly and showing a 26.3% decline in revenue year-over-year.
• Dorian LPG's stock opened at $28.76, with a market capitalization of $1.23 billion and a notable debt-to-equity ratio of 0.48.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) declared a quarterly dividend on Friday, August 1st, RTT News reports. Shareholders of record on Tuesday, August 12th will be given a dividend of 0.60 per share by the shipping company on Wednesday, August 27th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Dorian LPG Stock Performance

LPG opened at $28.76 on Friday. The firm has a market capitalization of $1.23 billion, a PE ratio of 13.31 and a beta of 0.77. The firm has a 50 day moving average of $25.53 and a two-hundred day moving average of $23.31. The company has a current ratio of 3.54, a quick ratio of 3.52 and a debt-to-equity ratio of 0.48. Dorian LPG has a 12-month low of $16.66 and a 12-month high of $42.38.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.34). Dorian LPG had a net margin of 25.52% and a return on equity of 8.88%. During the same quarter last year, the firm posted $1.26 EPS. The business's revenue was down 26.3% on a year-over-year basis. On average, analysts anticipate that Dorian LPG will post 2.6 EPS for the current year.

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.

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