Golar LNG Limited (GLNG) to Issue Quarterly Dividend of $0.25 on December 2nd

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Tuesday, November 12th,Zacks Dividends reports. Investors of record on Monday, November 25th will be given a dividend of 0.25 per share by the shipping company on Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Monday, November 25th.

Golar LNG has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Golar LNG to earn $1.75 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 57.1%.

Golar LNG Trading Down 4.3 %

NASDAQ GLNG opened at $34.88 on Thursday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 26.03 and a beta of 0.58. The business has a 50 day simple moving average of $36.13 and a 200 day simple moving average of $32.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.28. Golar LNG has a one year low of $19.94 and a one year high of $39.40.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings results on Thursday, August 15th. The shipping company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. The company had revenue of $62.98 million during the quarter, compared to analyst estimates of $67.38 million. Research analysts expect that Golar LNG will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on GLNG shares. B. Riley boosted their target price on Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus reduced their price target on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of Golar LNG to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.63.

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.