Correction to Navigator Holdings Ltd. Dividend Announcement
Navigator Holdings Ltd. ("Navigator Gas" or the "Company") has made a significant correction regarding the cash dividend announcement for its shareholders. This update pertains to the record date for the dividend related to the financial quarter ending on December 31, 2024. Effective immediately, the Company is informing its investors of a revised record date necessary for accurate processing.
Details of the Dividend Declaration
Initially, Navigator Holdings declared a cash dividend of $0.05 per share for the fourth quarter of 2024. This dividend, under the Company’s Return of Capital policy, is scheduled to be paid on April 3, 2025. The previous announcement noted that shareholders as of the close of business on March 23, 2025, would be eligible for this dividend. However, the proper record date should now state March 24, 2025, ensuring all investors receive their entitled distributions accurately.
About Navigator Holdings Ltd.
Navigator Holdings Ltd. holds the distinction of being the owner and operator of the world’s largest fleet of handysize liquefied gas carriers. As a frontrunner in the seaborne transportation of petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia, Navigator Gas plays a critical role in the energy supply chain. The Company also has a notable joint venture interest, holding a 50% stake in an ethylene export marine terminal situated on the Houston Ship Channel.
Fleet and Operations
Currently, Navigator Gas boasts a fleet comprising 58 semi- or fully-refrigerated liquefied gas carriers, with 27 of these vessels capable of transporting ethylene and ethane. This extensive fleet positions the Company as a pivotal player in delivering essential liquefied gas services to energy companies, industrial consumers, and traders across the globe. Their sophisticated floating pipeline system ensures efficient transportation and contributes to a sustainable energy future.
Strategic Importance in Energy Supply Chain
The essential services provided by Navigator Gas are critical for maintaining robust global energy flows. With an emphasis on sustainability, the Company connects suppliers and consumers effectively, facilitating the transportation of various essential gases. Navigator Gas is not only instrumental in energy distribution but also in optimizing the supply chain processes that cater to increasingly complex market demands.
Contact Information for Stakeholders
Investors interested in more details about Navigator Holdings Ltd. can reach out to the Investor Relations team at:
Email: investorrelations@navigatorgas.com
Address: 333 Clay Street, Suite 2480, Houston, Texas, U.S.A. 77002
Telephone: +1 713 373 6197
Frequently Asked Questions
What is the updated record date for the dividend?
The revised record date for the dividend is now March 24, 2025.
How much is the cash dividend declared?
The cash dividend declared is $0.05 per share for the quarter ending December 31, 2024.
When will the dividend payment be made?
Dividend payments are scheduled for April 3, 2025.
What is the significance of Navigator Gas in the market?
Navigator Gas operates the world's largest fleet of handysize liquefied gas carriers, playing a critical role in the global petrochemical gas transportation market.
How can investors get in touch with Navigator Holdings Ltd.?
Investors can contact Navigator Holdings through their Investor Relations email or by phone at +1 713 373 6197.
