BW LPG: The Rally Was Earned, And The Dividend Case Still Holds
BW LPG Limited continues to show strong performance driven by increasing VLGC rates. The company's Q1 results revealed a TCE income of $55,500 per day and a dividend of $0.67 per share, resulting in a 13.3% yield. With a significant portion of fleet days locked in at favorable rates, BW LPG is positioned for robust margins moving forward.
- ▪BW LPG reported a TCE income of $55,500 per day in Q1.
- ▪The company declared a dividend of $0.67 per share, yielding 13.3%.
- ▪Forward cover for Q2 secures 85% of fleet days at $81,000 per day.
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