BW LPG Limited – Key information relating to the cash dividend for Q4 2024

Rhea-AI Summary

BW LPG (NYSE: BWLP) has announced a cash dividend of US$0.42 per share for Q4 2024, approved by the Board on February 26, 2025. The dividend will be distributed in NOK for shares registered with Euronext VPS.

Key dates for Euronext VPS Oslo Stock Exchange: Last trading day with dividend rights is March 6, 2025; Ex-date is March 7, 2025; Payment date is around March 24, 2025. For NYSE shares: Last trading day with dividend rights is March 7, 2025; Ex-date is March 10, 2025; Payment date is around March 19, 2025.

BW LPG, the world's leading LPG vessel operator, manages Very Large Gas Carriers with over 4 million CBM total carrying capacity, offering integrated services across the LPG value chain.

Positive

• Consistent dividend payment of $0.42 per share
• World's leading LPG vessel operator status
• Large fleet capacity of over 4 million CBM
• Integrated service offering across LPG value chain

Negative

• None.

Insights

Financial Analyst

BW LPG has declared a quarterly dividend of $0.42 per share for Q4 2024, representing an impressive 3.6% quarterly yield based on the current share price of $11.65. If maintained throughout the year, this would translate to a potential 14.4% annualized yield, positioning BW LPG among the higher-yielding shipping companies.

This dividend announcement signals strong confidence from management in the company's cash flow generation capabilities and overall financial health. As the world's leading LPG vessel operator with over 4 million CBM carrying capacity, BW LPG benefits from its dominant market position and integrated business model spanning the entire LPG value chain.

The consistent dividend payout reflects the company's disciplined capital allocation strategy, balancing shareholder returns with operational needs. The LPG shipping sector typically experiences seasonal demand fluctuations, but BW LPG's ability to maintain substantial dividends suggests effective fleet utilization and strong charter rates in the current market environment.

Investors should note the different ex-dividend dates: March 7 for Oslo-listed shares and March 10 for NYSE-listed shares, with payments following shortly thereafter. The company's association with BW Group provides additional financial stability and operational synergies that support this dividend policy.

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 Q4 2024:

The Board has approved a dividend of US$0.42 per share on 26 February 2025. 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: 10 March 2025

Shares registered with Euronext VPS Oslo Stock Exchange

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Last trading day including the right to receive this dividend: 6 March 2025

Ex-date: 7 March 2025

Dividend payment date: On or about 24 March 2025

Shares registered with Depository Trust Company – New York Stock Exchange

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Last trading day including the right to receive this dividend: 7 March 2025

Ex-date: 10 March 2025

Dividend payment date: On or about 19 March 2025

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 4 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/20250226407868/en/

For further information, please contact:

Samantha Xu

Chief Financial Officer

E-mail: investor.relations@bwlpg.com

Source: BW LPG Limited

FAQ

What is the Q4 2024 dividend amount announced by BW LPG (BWLP)?

BW LPG announced a dividend of US$0.42 per share for Q4 2024.

When is the ex-dividend date for BWLP shares on NYSE?

The ex-dividend date for BWLP shares on NYSE is March 10, 2025.

What is BW LPG's total vessel carrying capacity?

BW LPG operates Very Large Gas Carriers (VLGC) with a total carrying capacity of over 4 million CBM.

When will BWLP shareholders receive their Q4 2024 dividend payment?

NYSE shareholders will receive payment around March 19, 2025, while Euronext VPS shareholders will receive payment around March 24, 2025.