Dorian LPG Ltd. (LPG) to Issue Dividend of $0.70 on February 27th

Dorian LPG Ltd. (NYSE:LPG) announced a dividend on Friday, January 24th,NASDAQ Dividends reports. Shareholders of record on Wednesday, February 5th will be given 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 Down 2.2 %

NYSE:LPG opened at $23.68 on Friday. The stock has a 50-day simple moving average of $24.51 and a 200 day simple moving average of $31.53. Dorian LPG has a 52-week low of $22.46 and a 52-week high of $51.66. The company has a market cap of $1.01 billion, a PE ratio of 4.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22.

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

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a $42.00 price target on shares of Dorian LPG in a research report 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.