Dorian LPG Ltd. (NYSE:LPG) Declares $0.70 Dividend

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

Dorian LPG Stock Performance

Shares of Dorian LPG stock traded down $0.52 during trading hours on Friday, hitting $23.68. 794,172 shares of the company were exchanged, compared to its average volume of 601,365. Dorian LPG has a 1 year low of $22.46 and a 1 year 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. The business has a 50-day moving average of $24.51 and a 200-day moving average of $31.53. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 4.01 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last released 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 business had revenue of $82.40 million during the quarter, compared to analysts’ expectations of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The company’s revenue was down 43.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. As a group, analysts expect that Dorian LPG will post 2.84 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.