Dorian LPG Ltd. (NYSE:LPG) Stock to Pay Special Dividend of $1.25

Dorian LPG Ltd. (NYSE:LPG) declared a special dividend on Thursday, October 29th. Stockholders of record on Monday, November 9th will be given a dividend of $1.25 per share by the shipping company on Tuesday, November 24th. The ex-dividend date is Monday, November 9th.

Dorian LPG has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings.

Dorian LPG Stock Up 1.3%

NYSE LPG opened at $46.66 on Friday. The stock’s 50-day moving average price is $54.17 and its 200-day moving average price is $42.44. Dorian LPG has a 52 week low of $23.76 and a 52 week high of $59.97. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2.00 billion, a P/E ratio of 4.16 and a beta of 0.64.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, November 5th. The shipping company reported $3.46 EPS for the quarter, beating the consensus estimate of $2.85 by $0.61. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The firm had revenue of $221.35 million during the quarter, compared to the consensus estimate of $195.18 million. During the same quarter in the prior year, the firm earned $1.31 EPS. Dorian LPG’s revenue for the quarter was up 78.4% on a year-over-year basis.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday, August 25th. Wall Street Zen lowered Dorian LPG from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $55.00.

Dorian LPG Company Profile

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG’s fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.