Dorian LPG Declares An Irregular Cash Dividend Of $1.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Dorian LPG has announced an irregular cash dividend of $1.00 per share, totaling approximately $40.6 million, payable on February 27, 2024, to shareholders on record as of February 5, 2024.

January 24, 2024 | 11:01 am
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Dorian LPG has declared a special cash dividend of $1.00 per share, with a total payout of $40.6 million to shareholders of record by February 5, 2024.
The declaration of an irregular cash dividend is typically viewed positively by the market as it reflects the company's financial health and commitment to returning value to shareholders. This can lead to a short-term increase in stock price as investors may buy shares to capture the dividend. However, the impact may be moderated by the fact that it is a one-time dividend rather than a recurring increase.
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