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

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Friday, February 28. The company has informed investors that those on record as of Tuesday, March 11, will receive a dividend of $0.25 per share on Tuesday, March 18. This translates to an annual dividend of $1.00, providing shareholders with a dividend yield of 2.61%. Notably, the ex-dividend date for this payment is set for March 11.

Understanding Golar LNG's Financial Status

Golar LNG currently has a payout ratio of 100.0%, indicating that its earnings are adequate to cover the dividend at present. However, this coverage might be at risk if the company's earnings decline in the future. Analysts forecast that Golar LNG will earn $1.62 per share next year, which suggests that the anticipated payout ratio will drop to approximately 61.7%. This indicates the company's ability to support its $1.00 annual dividend amidst projected earnings.

Current Stock Performance of Golar LNG

On the last trading day, Golar LNG's stock price decreased by $0.06, closing at $38.34. During the day, approximately 2,078,664 shares were traded, considerably higher than its average volume of 1,186,445 shares. Over the past year, the stock has seen a low of $19.94 and a high of $44.36. Golar LNG holds a market capitalization of $4.00 billion, along with a P/E ratio of 273.88 and a beta of 0.55. The stock's fifty-day moving average stands at $41.19, while the two-hundred day moving average is $38.14.

Analytical Perspectives on Golar LNG

Recent evaluations by several research analysts reflect a range of views on Golar LNG. StockNews.com downgraded the company's rating to "sell" on December 9. Meanwhile, Stifel Nicolaus raised its price target from $53.00 to $55.00, issuing a "buy" rating on December 24. In contrast, Fearnley Fonds changed its stance from "strong-buy" to "hold" on November 13, and DNB Markets also moved from "buy" to "hold" on February 19. Presently, there is a mixed sentiment towards the stock, with one analyst rating it as a sell, two as hold, and four recommending a buy. According to data, Golar LNG has an average consensus rating of "Hold" with an average price target of $50.13.

Insight into Golar LNG's Operations

Golar LNG Limited focuses on designing, converting, owning, and operating marine infrastructure for the liquefaction of natural gas. The company manages its operations through three key segments: FLNG, Corporate and Other, and Shipping. Its core activities include the regasification, storage, and offloading of liquefied natural gas (LNG), operation of floating liquefaction natural gas (FLNG) projects, transportation via LNG carriers, and vessel management services.

Golar, LNG, Dividend