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

Dorian LPG Ltd. (NYSE:LPG) announced a dividend on Friday, January 24th,NASDAQ Dividends reports. Stockholders 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 is Wednesday, February 5th.

Dorian LPG Stock Performance

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

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

Wall Street Analyst Weigh In

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

About Dorian LPG

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.