
DividendJul 16, 2026, 06:06 AM
Dorian LPG Declares $1.00 Irregular Dividend; Sells Vessel for $81.8M
AI Summary
Dorian LPG Ltd. announced an irregular cash dividend of $1.00 per share, totaling approximately $42.8 million, payable around August 12, 2026, to shareholders of record as of July 27, 2026. Concurrently, the company completed the sale of its VLGC Corsair on July 8, 2026, generating net proceeds of approximately $81.8 million. The associated debt of $24.2 million was repaid in the quarter ended June 30, 2026.
Key Highlights
- Dorian LPG declared an irregular cash dividend of $1.00 per share.
- The dividend will return approximately $42.8 million of capital to shareholders.
- The dividend is payable on or about August 12, 2026.
- Shareholders of record as of July 27, 2026, will receive the dividend.
- The company completed the sale of its 2014-built VLGC, Corsair, on July 8, 2026.
- The sale generated net proceeds of approximately $81.8 million.
- Associated debt of $24.2 million was repaid during the quarter ended June 30, 2026.
Price Impact
More from LPG