Dorian LPG Declares Irregular Cash Dividend of $1.00/Share; Dividend Payable On Or About Nov. 2 To All Shareholders Of Record As Of The Close Of Business On Oct. 20
Portfolio Pulse from Benzinga Newsdesk
Dorian LPG has declared an irregular cash dividend of $1.00 per share, payable on or about November 2 to all shareholders of record as of the close of business on October 20. The total dividends to be paid will amount to approximately $40.6 million.
October 06, 2023 | 2:14 pm
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POSITIVE IMPACT
Dorian LPG's declaration of a $1.00 per share dividend could potentially attract investors looking for income-generating stocks, possibly leading to a short-term increase in the stock price.
Dividends are a form of income for investors and can make a stock more attractive, potentially leading to increased demand and a rise in the stock price. However, the impact may be short-lived as the stock price often drops by about the amount of the dividend on the ex-dividend date.
CONFIDENCE 80
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