Download Report
Performance SHAREs
Back to prev Menu

Footnote 1: Excludes the write back of wessel impairment charge in Q4 2020.

Total Shareholder Returns BW LPG Relative to Listed Peers 2

Source: BW LPG Analysis

Footnote 2: Data retrieved from Bloomberg, based on Bloomberg's holding strategy assumptions in USD.

Dividends at Stated Policy of 50% of Profits

In November 2019, the Board amended our dividend policy from a semi-annual to a quarterly payout scheme. The target payout ratio of 50% of full-year Net Profit After Tax (NPAT) remains unchanged.

The policy takes into consideration leverage, capital expenditure plans, financing requirements and anticipated cash flows.

Total Shareholder Returns Since IPO (US$ Per Share)

Source:Bloomberg, BW LPG Analysis
Earnings Per Share (US$) Dividend Per Share (US$) Payout Ratio Share Price at Period End (US$) Annualised Dividend Yield (%)
Q4 2020 $0.463 $0.34 73% $6.88 20%
Q3 2020 $0.18 $0.15 83% $4.15 14%
Q2 2020 $0.45 $0.15 33% $3.11 19%
Q1 2020 $0.58 $0.20 34% $3.04 26%
Q4 2019 $1.11 $0.42 38% $8.41 20%
Q3 2019 $0.83 $0.33 40% $5.85 23%
1H 2019 $0.02 $0.10 500% $4.88 4%
2H 2018 ($0.26) $0.00 0% $3.02 0%
1H 2018 ($0.25) $0.00 0% $4.00 0%
2H 2017 ($0.31) $0.00 0% $4.71 0%
1H 2017 $0.02 $0.00 0% $3.47 0%
2H 2016 $0.14 $0.00 0% $4.20 0%
1H 2016 $0.04 $0.09 231% $3.79 5%
2H 2015 $1.41 $0.68 48% $8.30 16%
1H 2015 $1.03 $0.78 76% $8.54 18%
2H 2014 $1.11 $1.15 104% $7.05 33%
1H 2014 $0.76 $0.76 100% $14.67 10%
2H 2013 $0.92 $0.15 16% $9.51 3%
Accumulated $8.24 $5.30 64%

Payout Ratio = Dividend per share / Earnings per share

Annualised Dividend Yield before Q3 2019 = (Dividends per share) x 2 / Share price at end of the period

Annualised Dividend Yield after Q3 2019 = (Dividends per share) x 4 / Share price at end of the period

Top 20 Shareholders Sahres % Ownership
BW Group 62,607,126 44.11%
Folketrygdfondet 10,618,579 7.48%
Columbia Management Investment Advisers 6,487,813 4.57%
Dimensional Fund Advisors 3,944,909 2.78%
KLP 2,761,476 1.95%
GMO 2,465,8591 1.74%
DNB Asset Management 1,911,334 1.35%
SSGA 1,626,606 1.15%
Storebrand Asset Management 1,402,,446 0.99%
Nordea Asset Management 1,155,199 0.81%
Vanguard Group 1,022,403 0.72%
Top 20 Shareholders Sahres % Ownership
Stavern Helse Og Forvaltning AS 1,000,000 0.70%
Danske Bank 866,211 0.61%
Alfred Berg 823,296 0.58%
O'Shaughnessy Asset Management 817,005 0.58%
CQS Asset Management 810,947 0.57%
GlobeFlex Capital 664,384 0.47%
Barclays Capital collateral account 503,309 0.35%
Saxo Bank 435,315 0.31%
Skandinaviska Enskilda Banken (Custodian) 419,430 0.30%
Remaining shares 35,753,006 25.19%
Treasury shares 3,842,345 2.71%
Total 141,938,998 100.00%