Golar LNG Limited (NASDAQ:GLNG) Announces Quarterly Dividend of $0.05

Golar LNG Limited (NASDAQ:GLNG) declared a quarterly dividend on Thursday, November 30th, NASDAQ reports. Stockholders of record on Thursday, December 14th will be paid a dividend of 0.05 per share by the shipping company on Thursday, January 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, December 13th.

Shares of Golar LNG (NASDAQ GLNG) traded up $0.56 during trading hours on Friday, hitting $25.17. 903,252 shares of the stock traded hands, compared to its average volume of 1,065,512. Golar LNG has a 52-week low of $19.32 and a 52-week high of $29.18. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77.

A number of research firms have commented on GLNG. Zacks Investment Research upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Cowen reiterated an “outperform” rating and set a $45.00 price objective on shares of Golar LNG in a research report on Thursday, August 31st. ValuEngine cut shares of Golar LNG from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $31.00 price objective (down previously from $32.00) on shares of Golar LNG in a research report on Friday, September 1st. Finally, Citigroup cut their target price on shares of Golar LNG from $28.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.60.

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Golar LNG Company Profile

Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).

Dividend History for Golar LNG (NASDAQ:GLNG)

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