Dorian LPG Ltd. Plans Special Dividend of $1.00 (NYSE:LPG)

Key Points

• $1.00 special dividend declared — stockholders of record on May 18 will receive $1.00 per share, with payment scheduled for May 28 (ex-dividend date May 18).
• The dividend appears well covered with a 36.2% payout ratio; the company reported quarterly EPS of $1.11 (missing estimates by $0.06) while revenue rose 48.7% year‑over‑year and net margin was 29.88%.
• Shares recently traded at $39.74 with a market cap of $1.70 billion and a P/E of 13.99; analysts are mixed (average rating "Hold" and an average price target of $42.00).

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) declared a special dividend on Thursday, May 7th. Stockholders of record on Monday, May 18th will be given a dividend of 1.00 per share by the shipping company on Thursday, May 28th. The ex-dividend date of this dividend is Monday, May 18th.

Dorian LPG has a payout ratio of 36.2% meaning its dividend is sufficiently covered by earnings.

Dorian LPG Stock Performance

LPG stock traded up $0.69 on Thursday, hitting $39.74. The company had a trading volume of 465,561 shares, compared to its average volume of 535,920. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38. Dorian LPG has a 12-month low of $20.03 and a 12-month high of $40.32. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 13.99 and a beta of 0.63. The stock's 50-day simple moving average is $35.03 and its 200 day simple moving average is $30.15.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The shipping company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The firm had revenue of $119.96 million for the quarter, compared to the consensus estimate of $115.15 million. During the same period in the previous year, the company earned $0.43 earnings per share. Dorian LPG's quarterly revenue was up 48.7% compared to the same quarter last year.

Analyst Upgrades and Downgrades

LPG has been the topic of a number of recent research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Dorian LPG in a report on Wednesday, April 22nd. Jefferies Financial Group initiated coverage on shares of Dorian LPG in a research report on Friday, April 24th. They set a "buy" rating and a $42.00 price target for the company. Wall Street Zen cut shares of Dorian LPG from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 22nd. Finally, Dnb Carnegie lowered shares of Dorian LPG from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $42.00.

Dorian LPG Company Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG's fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.

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