Golar LNG Limited (GLNG) To Go Ex-Dividend on June 1st

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be given a dividend of 0.25 per share by the shipping company on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st.

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. Equities research analysts expect Golar LNG to earn $0.45 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 222.2%.

Golar LNG Price Performance

NASDAQ GLNG opened at $49.75 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.57 and a quick ratio of 2.57. The stock’s fifty day moving average price is $53.89 and its 200 day moving average price is $45.07. Golar LNG has a 1 year low of $35.02 and a 1 year high of $57.79. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 36.05 and a beta of 0.06.

Golar LNG (NASDAQ:GLNG) last released its earnings results on Thursday, March 26th. The shipping company reported $0.82 earnings per share (EPS) for the quarter. Golar LNG had a return on equity of 6.86% and a net margin of 30.10%.The firm had revenue of $137.55 million for the quarter. As a group, equities research analysts forecast that Golar LNG will post 0.72 earnings per share for the current year.

Golar LNG Company Profile

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.