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

Dorian LPG Ltd. (NYSE:LPG) declared a dividend on Thursday, October 24th, NASDAQ reports. Stockholders 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 1.6 %

Shares of NYSE LPG opened at $29.31 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.22. Dorian LPG has a 52-week low of $28.64 and a 52-week high of $51.66. The stock has a market cap of $1.25 billion, a P/E ratio of 4.97 and a beta of 1.00. The firm has a 50 day moving average price of $34.45 and a two-hundred day moving average price of $39.28.

Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.17). The company 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 quarterly revenue was down 43.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. As a group, equities analysts forecast that Dorian LPG will post 3.93 EPS for the current year.

Analyst Ratings Changes

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