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

Key Points

• Golar LNG Limited has declared a quarterly dividend of $0.25 per share, which will be distributed to stockholders on September 2nd, with an annualized yield of 2.5%.
• The company's current payout ratio stands at 96.2%, although earnings projections suggest future payout ratios may decrease, potentially allowing them to cover the dividend.
• Golar LNG reported earnings of $0.26 per share for the last quarter, missing expectations, and anticipates earnings of $1.39 per share for the current year.

Golar LNG Limited (NASDAQ:GLNG - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Saturday, January 1st will be given a dividend of 0.25 per share by the shipping company on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 26th.

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 tumble. Equities 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 Stock Performance

NASDAQ:GLNG opened at $40.19 on Thursday. The firm has a market capitalization of $4.20 billion, a PE ratio of 1,340.11 and a beta of 0.56. The stock's fifty day moving average is $41.20 and its 200 day moving average is $39.32. Golar LNG has a fifty-two week low of $29.56 and a fifty-two week high of $44.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 0.85.

Golar LNG (NASDAQ:GLNG - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The shipping company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). Golar LNG had a return on equity of 6.82% and a net margin of 1.04%. On average, sell-side analysts anticipate that Golar LNG will post 1.39 earnings per share for the current year.

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.

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