BW LPG saw its share price surge on Friday after the world's largest VLGC owner announced a dividend on the back of strong quarterly results and further retrofit projects for dual-fuel vessels.
The company declared a cash dividend of $0.42 per share for the fourth quarter, amounting to a total payout of $52m.
Following the dividend news, BW LPG’s share price increased by more than 10% on the Oslo Stock Exchange despite a fall in the exchange's all-share index.
