BW LPG (BWLLF) Announces Dividend Payment of $9.48

BW LPG, a leading provider of LPG shipping and distribution services, announced on February 29, 2024, that its board of directors has declared a significant increase in its regular quarterly dividend. Shareholders will now receive $9.48 per share, compared to the previous payment of $0.80 per share, resulting in an annualized dividend of $37.91.

Shareholders of record as of March 6, 2024, will receive the payment on March 22, 2024. With the current share price standing at $11.84 per share, the stock’s dividend yield is an impressive 320.20%.

The company’s financial health and growth potential have attracted the attention of institutional investors, with 85 funds or institutions reporting positions in BW LPG. This represents an increase of 10 owners or 13.33% in the last quarter. The average portfolio weight of all funds dedicated to BW LPG is 0.24%, showing a 4.08% increase. However, total shares owned by institutions decreased slightly in the last three months to 15,632K shares.

Analyst price forecasts suggest a 42.44% upside potential for BW LPG, with an average one-year price target of $16.87. The projected annual revenue for the company is $462 million, with a projected annual non-GAAP EPS of 0.83.

Institutional investors such as DISVX, COAVX, PMAIX, AVDV, and VGTSX have made significant changes to their holdings in BW LPG, reflecting varying levels of confidence in the company’s future performance. This news has generated significant interest in the stock and its potential for growth among investors and analysts alike.