Golar LNG Limited (GLNG) To Go Ex-Dividend on August 26th

Golar LNG Limited (NASDAQ:GLNG) announced a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Saturday, January 1st will be given a dividend of 0.25 per share by the shipping company on Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 26th.

Golar LNG has a dividend payout ratio of 96.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 opened at $40.41 on Friday. The business has a fifty day simple moving average of $41.14 and a 200 day simple moving average of $39.34. The company has a market capitalization of $4.22 billion, a PE ratio of -577.20 and a beta of 0.56. Golar LNG has a 1 year low of $29.56 and a 1 year high of $44.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.85.

Golar LNG (NASDAQ:GLNG) last released its quarterly earnings results on Thursday, August 14th. The shipping company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm had revenue of $75.67 million during the quarter, compared to the consensus estimate of $79.37 million. Golar LNG had a negative net margin of 2.83% and a positive return on equity of 6.25%. Research analysts expect 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 modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in shares of Golar LNG by 456.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,627 shares of the shipping company’s stock worth $602,000 after buying an additional 11,998 shares during the last quarter. Sourcerock Group LLC lifted its position in shares of Golar LNG by 78.0% during the 2nd quarter. Sourcerock Group LLC now owns 178,149 shares of the shipping company’s stock worth $7,338,000 after buying an additional 78,055 shares during the last quarter. Rubric Capital Management LP lifted its position in shares of Golar LNG by 2.3% during the 2nd quarter. Rubric Capital Management LP now owns 9,178,978 shares of the shipping company’s stock worth $378,082,000 after buying an additional 203,829 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Golar LNG by 8.1% during the 2nd quarter. Lazard Asset Management LLC now owns 64,030 shares of the shipping company’s stock worth $2,637,000 after buying an additional 4,805 shares during the last quarter. Finally, Lonestar Capital Management LLC bought a new stake in shares of Golar LNG during the 2nd quarter worth $9,062,000. 92.21% of the stock is currently owned by institutional investors.

About Golar LNG

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.