Dorian LPG Ltd. (NYSE:LPG) Plans Dividend of $0.70

Dorian LPG Ltd. (NYSE:LPG) declared a dividend on Friday, January 24th,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 5th will be paid a dividend of 0.70 per share by the shipping company on Thursday, February 27th. The ex-dividend date is Wednesday, February 5th.

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $24.09 on Monday. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Dorian LPG has a twelve month low of $22.46 and a twelve month high of $51.66. The stock’s 50 day moving average is $24.38 and its 200-day moving average is $30.89. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 6.13 and a beta of 0.91.

Dorian LPG (NYSE:LPG) last issued its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.11% and a net margin of 38.51%. During the same quarter last year, the business earned $2.62 EPS. Sell-side analysts forecast that Dorian LPG will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of Dorian LPG in a research report on Friday.

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.