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

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

Golar LNG has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of GLNG opened at $34.88 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Golar LNG has a 12-month low of $19.94 and a 12-month high of $39.40. The company has a market cap of $3.65 billion, a PE ratio of 26.03 and a beta of 0.58. The stock has a 50-day moving average price of $36.13 and a 200-day moving average price of $32.37.

Golar LNG (NASDAQ:GLNG) last issued its 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). The business had revenue of $62.98 million during the quarter, compared to analysts’ expectations of $67.38 million. Golar LNG had a return on equity of 9.20% and a net margin of 50.89%. As a group, equities analysts forecast that Golar LNG will post 1.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GLNG shares. StockNews.com raised Golar LNG to a “sell” rating in a research note on Wednesday. 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, August 16th. Stifel Nicolaus decreased their target price on shares of Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, B. Riley increased their price target on shares of Golar LNG from $35.50 to $44.50 and gave the company a “buy” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.