Cool Company Ltd. (NYSE:CLCO) Plans $0.15 Quarterly Dividend

Cool Company Ltd. (NYSE:CLCO) declared a quarterly dividend on Thursday, November 21st,NASDAQ Dividends reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.15 per share on Friday, December 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Monday, December 2nd.

Cool has a payout ratio of 93.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Cool to earn $2.09 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 78.5%.

Cool Trading Down 4.6 %

Shares of Cool stock traded down $0.42 on Friday, reaching $8.80. 701,843 shares of the company’s stock were exchanged, compared to its average volume of 245,211. Cool has a 52 week low of $8.79 and a 52 week high of $13.75. The firm’s 50-day moving average is $10.91 and its two-hundred day moving average is $11.48. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.34 and a quick ratio of 0.34.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.