BW LPG believes its stated policy of paying 50% of net profit to shareholders can be sustained following the softening of VLGC rates.
Oslo-listed BW LPG had been issuing exceptional dividends in a stellar market but pulled its latest dividend back to $0.60 per share as it reported strong fourth quarter results today.
Martin Ackermann, chief executive of BW LPG, told TradeWinds: “We have said quite strongly the fact we have been paying out above policy is an extraordinary situation.”
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