General information about BW LPG shares

BW LPG is listed on the Oslo Stock Exchange and the New York Stock Exchange.

Jurisdiction Singapore
Number of shares issued  159,282,000 
Number of Treasury shares  7,939,347 (as of 30 September 2025)
Number of shares held by Group Companies Parent company, BW Group Limited, 48,407,126
Shares listed on Oslo Stock Exchange: https://live.euronext.com/en/product/equities/sgxz69436764-xosl
New York Stock Exchange: https://www.nyse.com/quote/XNYS:BWLP

Dividend policy

  • BW LPG aims to provide a quarterly dividend payout as follows; at Board's discretion, and adjusted for extraordinary items as well as BW Product
    Service's (BW PS) performance:

    Annual payout ratio of Shipping NPAT Net leverage ratio
    50% >30%
    75% <=30%
    100% <=20%
  • Shipping NPAT is calculated as profit attributable to equity holders of BW LPG, minus BW LPG's share of BW PS' net profit/(loss) after tax.
  • It is important to read our full dividend distribution policy. Please click here.
 

1: Based on Shipping NPAT: calculated as profit attributable to equity holders of BW LPG, minus BW LPG's share of BW PS' net profit/(loss) after tax

BW LPG dividend information

  Earnings Per Share (USD) Dividend per share (USD) Dividend per share (NOK)[1] Share price (USD) Annualised dividend yield
Q3 2025 $0.38 $0.40 NOK 4.05 $12.70 13%
Q2 2025 $0.23 $0.22 NOK 2.16 $11.83 5%
Q1 2025 $0.30 $0.28 NOK 2.82 $10.88 10%
2024 $2.64 $2.42 NOK 25.79 $11.36 21%
2023 $3.53 $3.46 NOK 37.42 $14.96 23%
2022 $1.68 $1.28 NOK 12.83 $7.89 16%
2021 $1.33 $0.56 NOK 4.82 $5.74 10%
2020 $1.76 $0.84 NOK 7.49 $6.86 12%
2019 $1.97 $0.85 NOK 7.80 $8.41 10%
2018 ($0.51) - - $2.98 0%
2017 ($0.30) - - $4.71 0%
2016 $0.18 $0.09 NOK 0.73 $4.20 2%
2015 $2.43 $1.46 NOK 12.13 $8.30 18%
2014 $1.87 $1.91 NOK 13.37 $7.05 27%
2013 $0.92 $0.15 NOK 0.90 $9.51 3%

[1] BW LPG was dual-listed on the NYSE on 29 April 2024. Amount shown for quarters before our dual-listing were converted using the prevailing system exchange rate retrieved at quarter's end

Tax treatment for US Tax Reporting Purposes

It is the view of the Company that BW LPG’s dividends are “qualified dividends” for US federal income tax purposes. It is the view that BW LPG qualifies for the publicly traded exemption under the applicable US federal income tax rules, and therefore, our dividends paid to US shareholders since the time of our listing on the NYSE are qualified dividends.