Golar LNG (GLNG) has announced a cash dividend of $0.250 per share, with the ex-dividend date set for Jun 3, 2025, and the payment date scheduled for Jun 10, 2025. This dividend is slightly lower than the average of the last ten dividends, which stands at approximately $0.268 per share. The latest dividend follows a similar payout of $0.250 per share from Mar 18, 2025, also classified as a cash dividend.
Recently,
reported its first-quarter 2025 earnings, showcasing a net income of $8.2 million or $0.08 per share. Despite the mixed results, the company exceeded earnings expectations with an EPS of $0.38, surpassing the estimated $0.29, although revenue fell short at $62.5 million compared to the forecasted $66.5 million. Additionally, Golar LNG has engaged in a significant $1.2 billion finance lease agreement with Chinese leasing firms, expected to be finalized by the end of Q2 2025. The facility will span 12 years with a 17-year amortization profile, potentially yielding net proceeds of approximately $530 million, of which 70% is anticipated to benefit Golar LNG.
Over the past week, Golar LNG’s stock performance has been noteworthy, with shares surging by 12% to $41.83, as reported on May 30, 2025. Analysts have maintained a positive outlook, with BTIG setting a price target of $50.00, reflecting optimism about the company's growth prospects. Meanwhile, Golar LNG's board has approved a quarterly dividend of $0.25 per share, reinforcing the company's commitment to returning value to its shareholders.
In conclusion, Golar LNG maintains a stable dividend strategy, with the upcoming ex-dividend date on Jun 3, 2025, marking the last opportunity for investors to purchase shares and qualify for the current dividend payout. Any acquisitions following this date will not be eligible for the dividend distribution this time.
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