Golar LNG Limited Announces Quarterly Dividend of $0.25 (NASDAQ:GLNG)

Golar LNG Limited (NASDAQ:GLNG) announced a quarterly dividend on Tuesday, November 12th,Zacks Dividends reports. Stockholders 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 dividend yield of 2.71%. The ex-dividend date of this dividend is Monday, November 25th.

Golar LNG has a payout ratio of 60.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Golar LNG to earn $1.58 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 63.3%.

Golar LNG Trading Up 0.2 %

NASDAQ:GLNG opened at $36.92 on Friday. The firm has a 50-day simple moving average of $36.69 and a 200-day simple moving average of $32.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.24. The firm has a market cap of $3.85 billion, a P/E ratio of 263.73 and a beta of 0.58. Golar LNG has a one year low of $19.94 and a one year high of $39.40.

Wall Street Analyst Weigh In

GLNG has been the subject of a number of research analyst reports. Fearnley Fonds cut Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Stifel Nicolaus decreased their target price 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. Deutsche Bank Aktiengesellschaft upped their price objective on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.63.

About Golar LNG

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.