Cool Company Ltd. (NYSE:CLCO) to Issue $0.41 Dividend

Cool Company Ltd. (NYSE:CLCO) declared a dividend on Friday, May 24th, investing.com reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 0.41 per share on Monday, June 10th. This represents a dividend yield of 13.75%. The ex-dividend date is Friday, May 31st.

Cool has a payout ratio of 79.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Cool to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 84.5%.

Cool Stock Up 8.3 %

Shares of NYSE:CLCO opened at $13.13 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 1.07. Cool has a 1 year low of $10.34 and a 1 year high of $14.50. The stock’s fifty day moving average price is $11.31 and its 200-day moving average price is $11.82.

Cool Company Profile

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.