GasLog Ltd Announces Quarterly Dividend of $0.12 (GLOG)
GasLog (NASDAQ:GLOG) announced a quarterly dividend on Wednesday, May 14th, ARN reports. Investors of record on Tuesday, May 27th will be paid a dividend of 0.12 per share on Wednesday, June 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.86%.
A number of research firms have recently commented on GLOG. Analysts at Cowen and Company raised their price target on shares of GasLog from $25.00 to $30.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of GasLog from $25.00 to $28.50 in a research note on Monday, April 21st. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of GasLog from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. They now have a $28.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.62.
GasLog (NASDAQ:GLOG) opened at 25.80 on Wednesday. GasLog has a 1-year low of $12.20 and a 1-year high of $28.89. The stock’s 50-day moving average is $26.00 and its 200-day moving average is $20.45. The company has a market cap of $1.622 billion and a price-to-earnings ratio of 28.96.
GasLog (NASDAQ:GLOG) last released its earnings data on Friday, February 28th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.03. The company had revenue of $59.30 million for the quarter, compared to the consensus estimate of $53.05 million. During the same quarter last year, the company posted $0.03 earnings per share. GasLog’s revenue was up 224.6% compared to the same quarter last year. On average, analysts predict that GasLog will post $1.13 earnings per share for the current fiscal year.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
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