Dorian LPG Ltd. (LPG) to Issue Dividend of $0.70 on February 27th

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 is Wednesday, February 5th.

Dorian LPG Stock Performance

NYSE:LPG opened at $24.09 on Monday. The stock’s 50-day moving average is $24.38 and its 200-day moving average is $30.89. Dorian LPG has a 1-year low of $22.46 and a 1-year high of $51.66. The stock has a market cap of $1.03 billion, a P/E ratio of 6.13 and a beta of 0.91. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $2.62 EPS. Equities research analysts anticipate that Dorian LPG will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

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

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.