Dorian LPG Ltd. (NYSE:LPG) Declares $1.00 Dividend

Dorian LPG Ltd. (NYSE:LPG) announced a dividend on Thursday, October 24th, NASDAQ reports. Investors 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 is Tuesday, November 5th.

Dorian LPG Stock Performance

LPG stock traded up $0.67 on Friday, hitting $31.04. The company had a trading volume of 484,129 shares, compared to its average volume of 757,169. Dorian LPG has a 12-month low of $30.06 and a 12-month high of $51.66. The company has a current ratio of 4.60, a quick ratio of 4.58 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $35.50 and its 200 day simple moving average is $39.74. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 4.08 and a beta of 0.98.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.23. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The business had revenue of $114.30 million for the quarter, compared to the consensus estimate of $113.70 million. During the same period last year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts expect that Dorian LPG will post 4.13 earnings per share for the current fiscal 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 target on the stock in a research report on Wednesday, July 3rd.

Insider Activity

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the firm’s stock in a transaction 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 directly owns 82,823 shares in the company, valued at $2,991,566.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.