Dorian LPG Ltd. (NYSE:LPG) to Issue $1.00 Dividend

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

Dorian LPG Stock Performance

NYSE LPG opened at $29.31 on Friday. The stock’s fifty day moving average is $34.45 and its two-hundred day moving average is $39.29. Dorian LPG has a fifty-two week low of $28.64 and a fifty-two week high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.22. The firm has a market capitalization of $1.25 billion, a P/E ratio of 4.97 and a beta of 1.00.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results 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 business had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The firm’s revenue for the quarter was down 43.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS. On average, research analysts anticipate that Dorian LPG will post 3.93 earnings per share for the current year.

Insider Activity at Dorian LPG

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 2,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the transaction, the chief operating officer now directly owns 82,823 shares in the company, valued at approximately $2,991,566.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.