Golar LNG Limited (NASDAQ:GLNG) Announces $0.25 Quarterly Dividend

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.25 per share by the shipping company on Tuesday, March 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, March 11th.

Golar LNG has a dividend payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Golar LNG to earn $1.62 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 61.7%.

Golar LNG Trading Down 0.2 %

Shares of NASDAQ GLNG opened at $38.34 on Friday. The company’s 50-day moving average price is $41.13 and its 200 day moving average price is $38.17. Golar LNG has a 52 week low of $20.38 and a 52 week high of $44.36. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 273.88 and a beta of 0.55.

Analyst Ratings Changes

Several brokerages recently issued reports on GLNG. StockNews.com upgraded Golar LNG to a “sell” rating in a research report on Monday, December 9th. Stifel Nicolaus upped their price objective on Golar LNG from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, DNB Markets downgraded shares of Golar LNG from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.13.

Golar LNG Company Profile

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.