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

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.25 per share by the shipping company on Tuesday, March 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, March 11th.

Golar LNG has a payout ratio of 84.7% 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 $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 Down 1.1 %

Shares of NASDAQ:GLNG opened at $32.69 on Friday. The stock has a market cap of $3.41 billion, a PE ratio of 233.52 and a beta of 0.78. The company’s fifty day moving average is $40.38 and its 200 day moving average is $38.27. Golar LNG has a 52 week low of $20.96 and a 52 week high of $44.36.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Golar LNG from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. StockNews.com upgraded shares of Golar LNG to a “sell” rating in a research report on Monday, December 9th. Fearnley Fonds lowered shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, DNB Markets lowered shares of Golar LNG from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.13.

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.