BW LPG Limited – Ex Dividend USD 1.00 on the Oslo Stock Exchange Today

Rhea-AI Summary

BW LPG announced that its shares will trade ex-dividend on the Oslo Stock Exchange from today and on the New York Stock Exchange from June 10, 2024. The cash dividend for Q1 2024 is set at USD 1.00 per share. BW LPG is a leading owner and operator of LPG vessels, managing Very Large Gas Carriers (VLGC) with a total capacity of over 3 million CBM. The company, with five decades of experience, also has a growing presence in LPG terminal infrastructure and distribution. BW LPG is part of BW Group, a global maritime company with a focus on shipping, floating infrastructure, oil & gas production, and sustainable technologies.

Positive

• Shares of BW LPG will trade ex-dividend offering USD 1.00 per share.
• BW LPG is the world’s leading operator of LPG vessels.
• Company manages VLGCs with over 3 million CBM capacity.
• Five decades of operating experience in LPG shipping.
• Growing presence in LPG terminal infrastructure and distribution.
• Part of BW Group, a major player in shipping and sustainable technologies.

Negative

• Dividends might lead to a reduction in the company's liquid assets.
• Potential share price volatility as shares trade ex-dividend.
• Dependency on fluctuating LPG market conditions.

SINGAPORE--(BUSINESS WIRE)-- With reference to the press release dated 30 May 2024 by BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP”) on key information relating to the cash dividend for Q1 2024, the shares of the Company will be traded ex-dividend on the Oslo Stock Exchange from today and from 10 June 2024 on the New York Stock Exchange.

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping, an in-house LPG trading division and a growing presence in LPG terminal infrastructure and distribution, BW LPG offers an integrated, flexible, and reliable service to customers along the LPG value chain. More information about BW LPG can be found at https://www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240606251180/en/

Samantha Xu

Chief Financial Officer

investor.relations@bwlpg.com

Source: BW LPG Limited

FAQ

When will BW LPG shares trade ex-dividend on the Oslo Stock Exchange?

BW LPG shares will trade ex-dividend on the Oslo Stock Exchange starting today.

What is the dividend amount for BW LPG for Q1 2024?

The dividend amount for BW LPG for Q1 2024 is USD 1.00 per share.

When will BW LPG shares trade ex-dividend on the New York Stock Exchange?

BW LPG shares will trade ex-dividend on the New York Stock Exchange from June 10, 2024.

What is the carrying capacity of BW LPG's Very Large Gas Carriers (VLGC)?

BW LPG's Very Large Gas Carriers (VLGC) have a total carrying capacity of over 3 million CBM.

What is BW LPG's ticker code on the New York Stock Exchange?

BW LPG's ticker code on the New York Stock Exchange is 'BWLP'.

What kind of business is BW LPG involved in?

BW LPG is involved in owning and operating LPG vessels, LPG trading, and LPG terminal infrastructure and distribution.