Shares and Dividend

General information about the shares

BW LPG is not listed on any other stock exchange other than the Oslo Bors.

Type of Legal EntityLimited Liability Company
Number of shares issued141,938,998 
Number of shares held by Group CompaniesParent company, BW Group Limited, 56,807,126
Class of sharesSingle class shares with voting rights
Shares listed onOslo Bors;
Depository receipt arrangementNIL

Dividend policy

The Board has revised the dividend payout from semi-annual to a quarterly dividend payout. The Board will target a payout ratio of 50% of Net Profits After Tax (NPAT), on an annual basis, adjusted for extraordinary items, after taking into consideration appropriate levels on leverage, capital expenditure plans and financing requirements, financial flexibility, anticipated cashflows and other administration costs associated with small dividend payments. In addition to cash dividends, the Company may buy back shares as part of its total distribution of capital to shareholders.

BW LPG Dividend Information

Dividend per share in USD is converted from NOK using the exchange rate on the payment date.

  Earnings Per Share (USD)Dividend per share (USD) Share price at period end (USD) Annualised Earnings yield (%) 
 Annualised Dividend yield (%) 
Q3 2021$0.20$0.10$5.5215%7%
Q2 2021$0.16$0.10$6.4910%6%
Q1 2021$0.51$0.18$6.8430%11%
Q4 2020 $0.55$0.34$6.8632% 20%
Q3 2020$0.18$0.15$4.1017%15%
Q2 2020$0.45$0.15$3.1058%19%
Q1 2020$0.51$0.18$6.8177%11%
Q4 2019 $1.11 $0.42 $8.41 53% 20% 
Q3 2019 $0.83 $0.33 $5.85 57% 23% 
1H 2019$0.02 $0.10 $4.88 1% 4% 
2H 2018-$0.26$2.98-17% -
1H 2018-$0.25$4.00
2H 2017-$0.31$4.71
1H 2017$0.02$3.47
2H 2016$0.14$4.207%-
1H 2016$0.04$0.09$3.79 2%5%
2H 2015$1.41$0.68$8.3034%16%
1H 2015$1.03$0.78$8.54 24%18%
2H 2014$1.11$1.15$7.05 31%33%
1H 2014$0.76$0.76$14.6710%10%
2H 2013$0.92$0.15$9.51 19%3%