{"id":982094,"date":"2026-07-16T06:04:32","date_gmt":"2026-07-16T10:04:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dorian-lpg-ltd-declares-irregular-cash-dividend-of-1-00-per-share-and-completion-of-the-sale-of-corsair\/"},"modified":"2026-07-16T06:04:32","modified_gmt":"2026-07-16T10:04:32","slug":"dorian-lpg-ltd-declares-irregular-cash-dividend-of-1-00-per-share-and-completion-of-the-sale-of-corsair","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dorian-lpg-ltd-declares-irregular-cash-dividend-of-1-00-per-share-and-completion-of-the-sale-of-corsair\/","title":{"rendered":"Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share and Completion of the Sale of Corsair"},"content":{"rendered":"

<\/p>\n

Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share and Completion of the Sale of Corsair<\/i><\/b><\/p>\n

STAMFORD, Conn.–(BUSINESS WIRE<\/a>)–
\nDorian LPG Ltd. (NYSE: LPG) (the “Company” or “Dorian LPG”), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company\u2019s common stock, returning approximately $42.8 million of capital to shareholders. The irregular dividend is payable on or about August 12, 2026 to all shareholders of record as of the close of business on July 27, 2026.<\/p>\n

\nThe Company also announced that it completed the sale of its 2014 built VLGC Corsair <\/i>on July 8, 2026, generating cash proceeds of approximately $81.8 million. The associated debt of $24.2 million was repaid during the quarter ended June 30, 2026.<\/p>\n

Forward-Looking & Other Cautionary Statements<\/b><\/p>\n

\nThe cash dividend referenced in this release is an irregular dividend. All declarations of dividends are subject to the determination and discretion of our Board of Directors based on its consideration of various factors, including the Company\u2019s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, its business prospects and other factors that our Board of Directors may deem relevant.<\/p>\n

\nThis press release contains “forward-looking statements.” Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “projects,” “forecasts,” “may,” “will,” “should” and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company’s current expectations and observations regarding future results, many of which, by their nature are inherently uncertain and outside of the Company’s control. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, the Company\u2019s forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. The Company\u2019s actual results may differ, possibly materially, from those anticipated in these forward-looking statements as a result of certain factors, including changes in the Company\u2019s financial resources and operational capabilities and as a result of certain other factors listed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. For more information about risks and uncertainties associated with Dorian LPG\u2019s business, please refer to the “Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Dorian LPG\u2019s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. The Company does not assume any obligation to update the information contained in this press release.<\/p>\n

About Dorian LPG Ltd.<\/b><\/p>\n

\nDorian LPG is a leading owner and operator of modern VLGCs that transport liquefied petroleum gas globally. Dorian LPG’s fleet of twenty-six modern VLGCs currently includes six dual-fuel ECO VLGCs, eighteen ECO VLGCs, and two modern VLGCs. Its business is centered around safe, reliable, clean and trouble-free transportation for its customers. Dorian LPG has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece. For more information visit www.dorianlpg.com<\/a>.<\/p>\n

\nVisit our website at www.dorianlpg.com<\/a>. Information on the Company\u2019s website does not constitute a part of and is not incorporated by reference into this press release.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260716705141\/en\/<\/a><\/span><\/p>\n

\nTed Young
\n
Chief Financial Officer
\n
+1 (203) 674-9900
\n
IR@dorianlpg.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Connecticut<\/p>\n

INDUSTRY KEYWORDS:<\/b> Maritime Energy Transport Oil\/Gas<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share and Completion of the Sale of Corsair STAMFORD, Conn.–(BUSINESS WIRE)– Dorian LPG Ltd. (NYSE: LPG) (the “Company” or “Dorian LPG”), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company\u2019s common stock, returning approximately $42.8 million of capital to shareholders. The irregular dividend is payable on or about August 12, 2026 to all shareholders of record as of the close of business on July 27, 2026. The Company also announced that it completed the sale of its 2014 built VLGC Corsair on July 8, 2026, … <\/p>\n

Continue reading “Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share and Completion of the Sale of Corsair”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-982094","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDorian LPG Ltd. 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(NYSE: LPG) (the “Company” or “Dorian LPG”), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company\u2019s common stock, returning approximately $42.8 million of capital to shareholders. The irregular dividend is payable on or about August 12, 2026 to all shareholders of record as of the close of business on July 27, 2026. The Company also announced that it completed the sale of its 2014 built VLGC Corsair on July 8, 2026, … Continue reading "Dorian LPG Ltd. 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