BW LPG Limited – Key information relating to the cash dividend for Q1 2024
BW LPG has announced a cash dividend of USD 1.00 per share for Q1 2024. Key dates include approval on May 29, 2024, and record date on June 10, 2024, for shares registered with Euronext VPS. The ex-date for Oslo Stock Exchange is June 7, 2024, with payment on or about June 28, 2024. For shares registered with Depository Trust Company, the ex-date is June 10, 2024, with payment on or about June 25, 2024. BW LPG, the world's leading owner and operator of LPG vessels, aims to provide integrated, reliable services with its fleet of Very Large Gas Carriers (VLGC).
- Announced cash dividend of USD 1.00 per share for Q1 2024.
- Dividend payment dates are well-defined, ensuring shareholder clarity.
- BW LPG is the world's leading owner and operator of LPG vessels with a total carrying capacity of over 3 million CBM.
- BW LPG has five decades of operating experience in LPG shipping.
- Currency conversion may affect dividend value for shareholders registered with Euronext VPS.
Insights
BW LPG Limited's announcement of a cash dividend for Q1 2024 is a significant update for investors. The dividend amount of
The record date and ex-date are important for investors planning to secure this dividend, with the last trading day including the right to receive the dividend being 6 June 2024 for Euronext VPS and 7 June 2024 for the Depository Trust Company. The designated payment dates are on or about 28 June 2024 and 25 June 2024, respectively. This timeline allows investors to plan their portfolios accordingly.
Overall, the announcement reflects positively on BW LPG's financial health and its ability to generate sufficient cash flow to support regular dividend payments. For retail investors, this means a potential steady income stream, which is particularly attractive in a low-interest-rate environment. Additionally, it highlights the company's consistent operational performance and robust earnings, essential metrics for evaluating long-term investment stability.
From a market perspective, BW LPG Limited's dividend announcement can influence stock price movements. Dividends are often perceived as a sign of a company's profitability and financial stability. Therefore, this announcement might attract both current and potential investors, leading to increased trading activity around the ex-dividend dates.
Investors should also consider the broader maritime shipping industry context. BW LPG's strong dividend could indicate resilience and competitive strength, especially in a sector that can be highly volatile due to fluctuating oil prices, regulatory changes and global trade dynamics. In particular, BW LPG's focus on Very Large Gas Carriers (VLGCs) positions it well within the LPG shipping niche, which has been experiencing steady demand due to international energy needs.
For retail investors, understanding the sector-specific risks and how BW LPG navigates these challenges can provide clearer insights into the sustainability of future dividends. Moreover, given BW LPG's integrated services and large fleet, the company seems well-placed to capitalize on growth opportunities in the energy transportation market.
Dividend amount:
Date of approval: 29 May 2024
Record date: 10 June 2024
Shares registered with Euronext VPS Oslo Stock Exchange
Last trading day including the right to receive this dividend: 6 June 2024
Ex-date: 7 June 2024
Dividend payment date: On or about 28 June 2024
Shares registered with Depository Trust Company
Last trading day including the right to receive this dividend: 7 June 2024
Ex-date: 10 June 2024
Dividend payment date: On or about 25 June 2024
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, experienced employees and an in-house LPG trading division, BW LPG offers an integrated, flexible, and reliable service to customers. 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 490 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/20240529976957/en/
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@bwlpg.com
Source: BW LPG Limited
FAQ
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