Monday, July 29, 2013

Golar LNG Partners Declares Quarterly Dividend of $0.52 (GMLP) - People's Post

Posted - by on Jul 29th, 2013 - People's Post

Golar LNG Partners (NASDAQ:GMLP) declared a quarterly dividend on Friday, July 26th, Analyst Ratings Network.com reports. Investors of record on Monday, August 5th will be given a dividend of $0.515 per share on Wednesday, August 14th. This represents a $2.06 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Thursday, August 1st.
Several analysts have recently commented on the stock. Analysts at Merrill Lynch upgraded shares of Golar LNG Partners from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 10th. On the ratings front, analysts at Bank of America Corp. upgraded shares of Golar LNG Partners from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 10th. Finally, analysts at Raymond James downgraded shares of Golar LNG Partners from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, June 3rd. They now have a GBX 33 ($0.51) price target on the stock.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $37.44.
Shares of Golar LNG Partners (NASDAQ: GMLP) traded up 1.25% during mid-day trading on Monday, hitting $32.612. Golar LNG Partners has a one year low of $25.52 and a one year high of $36.00. The stock’s 50-day moving average is currently $33.3.
Golar LNG Partners LP (NASDAQ: GMLP) formed by Golar LNG Limited (Golar) to own and operate floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters.


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