Golar LNG Limited (GLNG) To Go Ex-Dividend on June 1st

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be given a dividend of 0.25 per share by the shipping company on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 1st.

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 fall. Equities analysts expect Golar LNG to earn $0.69 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 144.9%.

Golar LNG Price Performance

Shares of GLNG opened at $52.31 on Friday. The firm has a market capitalization of $5.30 billion, a PE ratio of 37.91 and a beta of 0.06. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.55 and a quick ratio of 2.55. Golar LNG has a 1-year low of $35.02 and a 1-year high of $57.79. The company’s fifty day moving average price is $53.22 and its 200-day moving average price is $44.64.

Golar LNG (NASDAQ:GLNG) last announced its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 earnings per share for the quarter. Golar LNG had a net margin of 30.10% and a return on equity of 6.80%. The firm had revenue of $137.55 million for the quarter. On average, equities research analysts predict that Golar LNG will post 0.58 EPS for the current year.

Institutional Trading of Golar LNG

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Golar LNG by 17.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,532 shares of the shipping company’s stock valued at $83,000 after buying an additional 223 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Golar LNG by 108.5% in the 1st quarter. AdvisorNet Financial Inc now owns 515 shares of the shipping company’s stock valued at $28,000 after buying an additional 268 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Golar LNG by 6.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,540 shares of the shipping company’s stock valued at $168,000 after buying an additional 274 shares during the period. Franklin Resources Inc. grew its stake in shares of Golar LNG by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 16,707 shares of the shipping company’s stock valued at $622,000 after buying an additional 359 shares during the period. Finally, State of Wyoming grew its stake in shares of Golar LNG by 12.7% in the 4th quarter. State of Wyoming now owns 3,878 shares of the shipping company’s stock valued at $144,000 after buying an additional 436 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.