Golar LNG Limited (NASDAQ:GLNG) announced a quarterly dividend on Thursday, August 23rd, NASDAQ reports. Investors of record on Thursday, September 6th will be paid a dividend of 0.125 per share by the shipping company on Wednesday, October 3rd. This represents a $0.50 annualized dividend and a yield of 1.94%. The ex-dividend date is Wednesday, September 5th. This is a positive change from Golar LNG’s previous quarterly dividend of $0.05.

Golar LNG has decreased its dividend payment by an average of 51.9% per year over the last three years. Golar LNG has a dividend payout ratio of -185.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Golar LNG to earn $0.26 per share next year, which means the company may not be able to cover its $0.50 annual dividend with an expected future payout ratio of 192.3%.

Shares of GLNG stock opened at $25.74 on Friday. Golar LNG has a 12-month low of $19.32 and a 12-month high of $35.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $2.68 billion, a P/E ratio of -17.51 and a beta of 0.52.

Golar LNG (NASDAQ:GLNG) last issued its earnings results on Thursday, August 23rd. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.19). Golar LNG had a negative return on equity of 6.37% and a negative net margin of 11.47%. The company had revenue of $59.37 million during the quarter, compared to analysts’ expectations of $63.15 million. equities analysts predict that Golar LNG will post -1.11 EPS for the current year.

GLNG has been the topic of several analyst reports. BidaskClub upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. ValuEngine upgraded shares of Golar LNG from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. Zacks Investment Research cut shares of Golar LNG from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Citigroup dropped their price target on shares of Golar LNG from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, June 1st. Finally, Morgan Stanley set a $31.00 price target on shares of Golar LNG and gave the stock a “buy” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Golar LNG presently has an average rating of “Buy” and an average target price of $37.14.

Golar LNG Company Profile

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.

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Dividend History for Golar LNG (NASDAQ:GLNG)

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