Golar LNG Partners LP (GMLP) Plans Quarterly Dividend of $0.58

Golar LNG Partners LP (NASDAQ:GMLP) declared a quarterly dividend on Monday, January 29th, Wall Street Journal reports. Investors of record on Wednesday, February 7th will be paid a dividend of 0.5775 per share by the shipping company on Wednesday, February 14th. This represents a $2.31 annualized dividend and a yield of 10.40%. The ex-dividend date of this dividend is Tuesday, February 6th.

Shares of Golar LNG Partners (NASDAQ GMLP) traded down $0.59 on Monday, reaching $22.22. 395,405 shares of the company traded hands, compared to its average volume of 284,648. The company has a market capitalization of $1,611.79, a price-to-earnings ratio of 8.48, a PEG ratio of 2.02 and a beta of 0.87. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.00 and a current ratio of 1.01. Golar LNG Partners has a 52-week low of $18.77 and a 52-week high of $25.82.

Golar LNG Partners (NASDAQ:GMLP) last announced its quarterly earnings results on Monday, December 11th. The shipping company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). Golar LNG Partners had a net margin of 38.29% and a return on equity of 25.88%. research analysts expect that Golar LNG Partners will post 1.76 EPS for the current year.

Several brokerages have commented on GMLP. Zacks Investment Research downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BidaskClub downgraded Golar LNG Partners from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. ValuEngine downgraded Golar LNG Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. ABN Amro began coverage on Golar LNG Partners in a report on Monday, October 30th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus upgraded Golar LNG Partners from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $25.00 in a report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.75.

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Golar LNG Partners Company Profile

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The Company operates through the LNG market segment. The Company’s fleet consists of approximately six FSRUs and over four LNG carriers. The Company’s FSRU vessels include Golar Spirit, Golar Winter, Golar Freeze, NR Satu, Golar Igloo and Golar Eskimo.

Dividend History for Golar LNG Partners (NASDAQ:GMLP)

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