Golar LNG Limited (GLNG) To Go Ex-Dividend on March 9th

Golar LNG Limited (NASDAQ:GLNG) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.25 per share by the shipping company on Wednesday, March 18th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, March 9th.

Golar LNG has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 2 years. 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 decline. Analysts expect Golar LNG to earn $1.62 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 61.7%.

Golar LNG Stock Performance

GLNG stock opened at $43.23 on Friday. Golar LNG has a 1 year low of $29.56 and a 1 year high of $46.23. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 67.55 and a beta of 0.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s fifty day moving average is $40.56 and its two-hundred day moving average is $39.98.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings data on Wednesday, February 25th. The shipping company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The firm had revenue of $132.81 million during the quarter, compared to analyst estimates of $123.29 million. Golar LNG had a return on equity of 6.06% and a net margin of 16.69%. On average, research analysts predict that Golar LNG will post 1.39 EPS for the current year.

Institutional Trading of Golar LNG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in Golar LNG by 278.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 658 shares of the shipping company’s stock worth $27,000 after buying an additional 484 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Golar LNG by 281.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 909 shares of the shipping company’s stock worth $37,000 after acquiring an additional 671 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Golar LNG by 43.5% during the 2nd quarter. Allworth Financial LP now owns 990 shares of the shipping company’s stock worth $41,000 after acquiring an additional 300 shares in the last quarter. Crossingbridge Advisors LLC acquired a new position in shares of Golar LNG in the 2nd quarter worth $41,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Golar LNG during the fourth quarter worth $44,000. 92.21% of the stock is owned by institutional investors and hedge funds.

About Golar LNG

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.