Navigator Gas Corrects Error in Quarterly Dividend Press Release
London, March 12, 2025 – Navigator Holdings Ltd. (Navigator Gas), a leading international supplier of Liquefied Petroleum Gas (LPG), has announced a correction to the first paragraph of its press release dated March 12, 2025, concerning the record date for the cash dividend for the quarter ended December 31, 2024. The correction reads:
“Navigator Holdings Ltd. (“Navigator Gas” or the “Company”) (NYSE: NVGS), announced today a correction to the record date for the cash dividend for the quarter ended December 31, 2024. The record date is now set as January 2, 2025, instead of January 1, 2025, as previously stated in the Company’s press release dated March 12, 2025.”
What Does This Mean for Navigator Gas Shareholders?
This correction may not seem like a significant event for Navigator Gas shareholders at first glance. However, it could potentially impact those investors who relied on the incorrect record date stated in the initial press release and missed the opportunity to be eligible for the dividend payment. The dividend payment itself is not affected by this correction, but shareholders’ eligibility to receive it is.
Impact on the Wider World
The correction in Navigator Gas’s press release might not have an immediate or significant impact on the wider world. However, it highlights the importance of accuracy and thoroughness in corporate communications. This event serves as a reminder that even seemingly minor errors can lead to confusion and potential consequences for shareholders. It also emphasizes the need for companies to double-check their press releases before distributing them to the public.
Conclusion
Navigator Holdings Ltd. has corrected an error in its press release regarding the record date for the cash dividend for the quarter ended December 31, 2024. This change may impact some shareholders who missed the opportunity to be eligible for the dividend payment due to the incorrect record date stated in the initial press release. The correction underscores the importance of accuracy and thoroughness in corporate communications and serves as a reminder for companies to double-check their press releases before disseminating them to the public.
- Navigator Gas corrects record date for cash dividend
- Impact on shareholders: potential missed opportunity for dividend payment
- Importance of accuracy in corporate communications
