Golar LNG Limited (GLNG) to Distribute Quarterly Dividend of $0.25 on September 2nd

Golar LNG Limited (NASDAQ:GLNG – Get Free Report) declared a quarterly dividend on Thursday, August 13th. Investors of record on Monday, August 24th will be given a dividend of 0.25 per share by the shipping company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 24th.

Golar LNG has a dividend 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 tumble. Research analysts expect Golar LNG to earn $0.78 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 128.2%.

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Golar LNG Stock Down 0.3%

GLNG stock opened at $52.00 on Friday. The company’s 50-day moving average price is $50.25 and its 200 day moving average price is $50.21. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.11. The company has a market cap of $5.27 billion, a P/E ratio of 32.50 and a beta of 0.05. Golar LNG has a 52 week low of $35.02 and a 52 week high of $57.79.

Golar LNG (NASDAQ:GLNG – Get Free Report) last issued its earnings results on Thursday, March 26th. The shipping company reported $0.82 earnings per share for the quarter. Golar LNG had a return on equity of 8.91% and a net margin of 31.27%.The business had revenue of $137.55 million for the quarter. On average, research analysts expect that Golar LNG will post 0.83 earnings per share for the current fiscal year.

Golar LNG Company Profile

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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.

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