BW LPG Limited Declared a Q1 Cash Dividend of $1.00/Share
Portfolio Pulse from Benzinga Newsdesk
BW LPG Limited declared a Q1 cash dividend of $1.00 per share, representing 106% of earnings from shipping activity and 93% of total earnings for the quarter. The company reported strong quarterly performance with a daily TCE of USD 61,500 per available day and USD 59,400 per calendar day, generating a net profit after tax (NPAT) of USD 150 million or earnings per share of USD 1.07.
May 30, 2024 | 8:49 am
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BW LPG Limited declared a Q1 cash dividend of $1.00 per share, representing 106% of earnings from shipping activity and 93% of total earnings for the quarter. The company reported strong quarterly performance with a daily TCE of USD 61,500 per available day and USD 59,400 per calendar day, generating a net profit after tax (NPAT) of USD 150 million or earnings per share of USD 1.07.
The declaration of a significant cash dividend and strong quarterly performance metrics are likely to positively impact BW LPG Limited's stock price in the short term. Investors often view high dividends and strong earnings as positive indicators of a company's financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100