Golar LNG Limited (GLNG) To Go Ex-Dividend on November 25th

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

Golar LNG has a dividend payout ratio of 60.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 0.2 %

Shares of NASDAQ:GLNG opened at $36.92 on Friday. The stock’s 50-day moving average price is $36.59 and its two-hundred day moving average price is $32.75. The company has a current ratio of 1.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.31. Golar LNG has a 12-month low of $19.94 and a 12-month high of $39.40. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 263.73 and a beta of 0.58.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GLNG. Stifel Nicolaus reduced their price objective on Golar LNG from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Golar LNG from $43.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Fearnley Fonds lowered Golar LNG from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded Golar LNG to a “sell” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.