BW LPG Announces Quarterly Dividend of $0.95 per Share
BW LPG (NYSE: BWLP) has declared a quarterly dividend of $0.95 per share, representing an annualized yield of approximately $3.80 and a forward yield of 15.92%. The dividend is payable on September 16 to shareholders of record as of September 8, with the ex-dividend date also set for September 8. The company has been highlighted in recent analyses for benefiting from geopolitical events such as the closure of the Strait of Hormuz and has seen a rating upgrade. BW LPG reported GAAP earnings per share (EPS) of $0.79 recently, indicating strong financial performance that supports its ability to sustain dividend payments. BW LPG also announced plans to sell its former Avance Gas VLGC vessel for a gain of $17 million, further strengthening the company's balance sheet and potentially supporting future dividends.
