Golar LNG Limited (GLNG) Announces Quarterly Dividend of $0.45
Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Wednesday, August 27th, American Banking News.com reports. Investors of record on Wednesday, September 10th will be given a dividend of 0.45 per share on Friday, September 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, September 8th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Golar LNG Limited from $55.00 to $60.00 in a research note on Wednesday. They now have a “hold” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Golar LNG Limited from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $65.30 price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.16.
Shares of Golar LNG Limited (NASDAQ:GLNG) traded down 2.65% during mid-day trading on Wednesday, hitting $64.01. 1,600,595 shares of the company’s stock traded hands. Golar LNG Limited has a 52-week low of $33.07 and a 52-week high of $67.76. The stock’s 50-day moving average is $61.82 and its 200-day moving average is $48.90. The company has a market cap of $5.159 billion and a price-to-earnings ratio of 87.09.
Golar LNG Limited (NASDAQ:GLNG) last announced its earnings results on Tuesday, August 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.02. On average, analysts predict that Golar LNG Limited will post $-0.09 earnings per share for the current fiscal year.
Golar LNG Limited (NASDAQ:GLNG) is the owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units (FSRUs).
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