Dorian LPG: Dividend Increase On The Horizon - Rating Upgrade

  • Dorian LPG's dividend was cut due to weak rates, but improving fundamentals suggest a likely increase to $0.7 per share next quarter. The company boasts a strong financial position, with substantial cash reserves and manageable debt, supporting potential dividend growth. A recovery in shipping rates and limited 2025 vessel deliveries could drive earnings and push the stock toward a $28 fair value.