BW LPG Limited – Key Information Relating to the Cash Dividend for Q3 2024

Rhea-AI Summary

BW LPG has announced a cash dividend of US$0.42 per share for Q3 2024, approved by the Board on December 1, 2024. For shares registered with Euronext VPS Oslo Stock Exchange, the ex-date is December 11, 2024, with payment around December 27, 2024. For NYSE-registered shares, the ex-date is December 12, 2024, with payment around December 19, 2024. BW LPG, the world's leading LPG vessel operator, owns and operates Very Large Gas Carriers with a total capacity exceeding 3 million CBM.

Positive

• Declared quarterly dividend of US$0.42 per share
• Industry leadership position as world's leading LPG vessel operator
• Substantial fleet capacity of over 3 million CBM

Negative

• None.

Insights

Financial Analyst

BW LPG's $0.42 per share quarterly dividend announcement signals strong financial health and commitment to shareholder returns. At current share prices, this translates to an attractive annualized yield of approximately 8%. The company's position as the world's leading VLGC operator, with over 3 million CBM capacity, provides stable cash flows supporting consistent dividend payments.

The dividend payment structure across two major exchanges (NYSE and Oslo) demonstrates strong international market presence. The company's integrated business model, spanning vessel ownership, LPG trading and terminal infrastructure, creates multiple revenue streams that help maintain dividend sustainability. The backing of BW Group, with its extensive maritime portfolio, adds another layer of financial stability.

SINGAPORE--(BUSINESS WIRE)-- BW LPG Limited (“BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE ticker code "BWLP") provides the following key information relating to the Company's cash dividend for Q3 2024:

The Board has approved a dividend of US$0.42 per share on 1 December 2024. Dividends payable to shares registered with Euronext VPS will be distributed in NOK, with the exchange rate made available on the day of payment.

Record date: 12 December 2024

Shares registered with Euronext VPS Oslo Stock Exchange 
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Last trading day including the right to receive this dividend: 10 December 2024 
Ex-date: 11 December 2024 
Dividend payment date: On or about 27 December 2024

Shares registered with Depository Trust Company - NYSE 
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Last trading day including the right to receive this dividend: 11 December 2024 
Ex-date: 12 December 2024 
Dividend payment date: On or about 19 December 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, 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 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/20241201040540/en/

Samantha Xu

Chief Financial Officer

E-mail: investor.relations@bwlpg.com

Source: BW LPG Limited

FAQ

What is BW LPG's Q3 2024 dividend amount?

BW LPG (BWLP) announced a cash dividend of US$0.42 per share for Q3 2024.

When is BW LPG's Q3 2024 dividend payment date?

The dividend payment date is around December 27, 2024, for Euronext VPS shares and around December 19, 2024, for NYSE shares.

What is the ex-dividend date for BWLP shares in Q3 2024?

The ex-dividend date is December 11, 2024, for Euronext VPS shares and December 12, 2024, for NYSE shares.

What is BW LPG's total fleet carrying capacity?

BW LPG operates Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM.