Dorian LPG Ltd. (NYSE: LPG) has just announced an irregular cash dividend of $0.70 per share of the Company’s common stock, returning approximately $29.9 million of capital to shareholders. The dividend is payable on or about February 24, 2026, to all shareholders of record as of the close of business on February 9, 2026.
For the quarter ended December 31, 2025, the Company anticipates an additional general and administrative expense of approximately $1.8 million, corresponding to an increase in accrual under the Company’s Annual Cash Incentive plan.
The Company provided forward booking estimate on its last earnings call reflected its bookings through that date. Market rates during November for December loadings were lower than the previous two months. In addition, fog in the Houston Ship channel contributed to unexpected waiting time, further reducing realized rates.
The press release does not provide specific financial metrics or how they have changed since the last period, but it does announce that the company will issue a news release on Thursday, February 5, 2026, prior to the market open, announcing its financial results for the third quarter ended December 31, 2025. A conference call to discuss the results will be held on the same day at 10:00 a.m. ET.
Dorian LPG Ltd. is a leading owner and operator of modern Very Large Gas Carriers (“VLGCs”) that transport liquefied petroleum gas globally. Their current fleet of twenty-seven modern VLGCs includes twenty ECO VLGCs, five dual-fuel ECO VLGCs, and two modern VLGCs. The market has reacted to these announcements by moving the company's shares -2.53% to a price of $28.49. If you want to know more, read the company's complete 8-K report here.
