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

Golar LNG Limited (NASDAQ:GLNG – Get Free Report ) declared a quarterly dividend on Thursday, August 15th, Zacks reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.25 per share by the shipping company on Tuesday, September 3rd. This represents a dividend of $1.00 on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Monday, August 26.

Golar LNG has a payout ratio of 47.4%, indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Golar LNG to earn $1.95 per share next year, which means the company should be able to continue to cover its $1.00 annual dividend with an estimated future payout ratio of 51. 3%

Golar LNG stocks rose 0.7%

Golar LNG stock opened at $33.49 on Friday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 31.68 and a beta of 0.64. The stock has a fifty day simple moving average of $32.15 and a two hundred day simple moving average of $26.81. Golar LNG has a 12-month low of $19.94 and a 12-month high of $36.52. The company has a current ratio of 1.49, a quick ratio of 1.49, and a debt-to-equity ratio of 0.34.

Golar LNG (NASDAQ:GLNG – Get Your Free Report ) last posted its quarterly earnings data on Tuesday, May 28th. The shipping company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $63.19 million during the quarter, compared to analyst estimates of $72.27 million. Golar LNG had a return on equity of 10.15% and a net margin of 38.11%. equities analysts predict that Golar LNG will post 1.88 EPS for the current fiscal year.

Changes in Analyst Ratings

Several equities analysts recently commented on GLNG shares. 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 research report on Friday. Stifel Nicolaus cut their price target on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday. BTIG Research raised their price target on Golar LNG from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. B. Riley upped their target price on Golar LNG from $35.50 to $44.50 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, StockNews.com cut Golar LNG from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Golar LNG has a consensus rating of “Hold” and an average price target of $45.10, according to MarketBeat.com.

See our latest report on GLNG

About Golar LNG

(Get a free report)

Golar LNG Limited designs, transforms, owns and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and others and Shipping. Engages in regasification, storage and offloading of liquefied natural gas (LNG); operation of ships or floating projects with liquefied natural gas (FLNG); transportation of LNG carriers; and ship management activities.

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