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

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Tuesday, November 12th,Zacks Dividends reports. Stockholders of record on Monday, November 25th will be given a dividend of 0.25 per share by the shipping company on Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Monday, November 25th.

Golar LNG has a payout ratio of 60.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Golar LNG to earn $1.58 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 63.3%.

Golar LNG Price Performance

GLNG stock opened at $36.92 on Friday. The company’s 50-day moving average is $36.69 and its 200-day moving average is $32.83. Golar LNG has a 1 year low of $19.94 and a 1 year high of $39.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.28. The stock has a market capitalization of $3.85 billion, a PE ratio of 263.73 and a beta of 0.58.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Golar LNG from $43.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 16th. StockNews.com raised Golar LNG to a “sell” rating in a report on Wednesday, November 13th. Fearnley Fonds downgraded shares of Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus dropped their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.63.

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.