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

Dorian LPG Ltd. (NYSE:LPG) announced a dividend on Thursday, October 24th, NASDAQ reports. Shareholders of record on Tuesday, November 5th will be given a dividend of 1.00 per share by the shipping company on Monday, November 25th. The ex-dividend date is Tuesday, November 5th.

Dorian LPG Trading Up 2.2 %

NYSE LPG traded up $0.67 during trading on Friday, hitting $31.04. 484,129 shares of the company’s stock traded hands, compared to its average volume of 757,169. The firm has a market cap of $1.32 billion, a P/E ratio of 4.08 and a beta of 0.98. The stock has a fifty day moving average of $35.50 and a two-hundred day moving average of $39.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 4.58. Dorian LPG has a 12-month low of $30.06 and a 12-month high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The company had revenue of $114.30 million during the quarter, compared to the consensus estimate of $113.70 million. During the same period in the prior year, the firm earned $1.21 earnings per share. Dorian LPG’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Dorian LPG will post 4.13 EPS for the current year.

Analyst Ratings Changes

Separately, DNB Markets upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, July 3rd.

Insider Activity

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $36.12, for a total transaction of $90,300.00. Following the sale, the chief operating officer now owns 82,823 shares in the company, valued at $2,991,566.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.40% of the company’s stock.

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.