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

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Thursday, August 13th. Investors of record on Monday, August 24th will be paid a dividend of 0.25 per share by the shipping company on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 24th.

Golar LNG has a payout ratio of 96.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Golar LNG to earn $0.45 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 222.2%.

Golar LNG Price Performance

GLNG traded up $0.14 during trading on Thursday, reaching $51.21. The stock had a trading volume of 3,192,769 shares, compared to its average volume of 1,611,999. The business has a 50-day moving average of $50.08 and a 200-day moving average of $49.71. Golar LNG has a one year low of $35.02 and a one year high of $57.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a market cap of $5.19 billion, a PE ratio of 37.11 and a beta of 0.05.

Golar LNG (NASDAQ:GLNG) last posted its quarterly earnings data on Thursday, March 26th. The shipping company reported $0.82 earnings per share (EPS) for the quarter. The firm had revenue of $137.55 million during the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%. As a group, equities research analysts anticipate that Golar LNG will post 0.72 EPS for the current fiscal year.

Golar LNG Company Profile

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.