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

Golar LNG Limited (NASDAQ:GLNGGet Free Report) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Monday, March 9th will be paid a dividend of 0.25 per share by the shipping company on Wednesday, March 18th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, March 9th.

Golar LNG has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 2 years. Golar LNG has a 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 decline. Research analysts expect Golar LNG to earn $1.62 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 61.7%.

Golar LNG Price Performance

Shares of Golar LNG stock traded down $1.77 during trading hours on Wednesday, reaching $43.10. 3,300,739 shares of the company’s stock were exchanged, compared to its average volume of 1,216,533. The company has a market capitalization of $4.51 billion, a P/E ratio of 75.62 and a beta of 0.20. The business has a fifty day moving average of $40.31 and a two-hundred day moving average of $39.93. Golar LNG has a 1 year low of $29.56 and a 1 year high of $46.23. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.61.

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Golar LNG Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Golar LNG (NASDAQ:GLNG)

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