Golar LNG Limited (NASDAQ:GLNG – Get Free Report) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Monday, March 9th will be given a dividend of 0.25 per share by the shipping company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, March 9th.
Golar LNG has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 2 years. Golar LNG has a dividend payout ratio of 96.2% indicating that 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 Price Performance
Golar LNG stock traded down $1.77 during midday trading on Wednesday, reaching $43.10. 3,300,739 shares of the company were exchanged, compared to its average volume of 1,216,533. The firm’s 50-day simple moving average is $40.31 and its 200-day simple moving average is $39.93. Golar LNG has a 1 year low of $29.56 and a 1 year high of $46.23. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 75.62 and a beta of 0.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32.
About Golar LNG
Golar LNG Ltd. is a leading owner and operator of liquefied natural gas (LNG) carriers and floating infrastructure. The company specializes in the transportation of LNG on long-term and spot charters for major energy firms around the world. In addition to shipping, Golar LNG has broadened its services to include project development and the conversion of existing carriers into Floating Liquefied Natural Gas (FLNG) and Floating Storage and Regasification Unit (FSRU) vessels.
Since pioneering the first purpose-built FLNG conversion project, Golar LNG has been at the forefront of offshore gas monetization.
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