Golar LNG Partners Declares Quarterly Dividend of $0.50 (GMLP)
Golar LNG Partners (NASDAQ:GMLP) declared a quarterly dividend on Wednesday, January 23rd. Investors of record on Friday, February 1st will be given a dividend of $0.50 per share on Thursday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 6.29%.
GMLP has been the subject of a number of recent research reports. Analysts at Bank of America cut their price target on shares of Golar LNG Partners to $33.00 in a research note to investors on Thursday, November 29th. On the ratings front, analysts at Citigroup upgraded shares of Golar LNG Partners from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 19th. They now have a $33.50 price target on the stock. Finally, analysts at Clarkson Capital upgraded shares of Golar LNG Partners from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, November 6th. They now have a $36.00 price target on the stock, up previously from $33.00.
Seven research analysts have rated the stock with a buy rating, one has given an overweight rating, and two have issued a hold rating to the company. Golar LNG Partners has an average rating of “overweight” and an average price target of $35.44.
Golar LNG Partners (GMLP) traded down 0.41% on Wednesday, hitting $31.87. Golar LNG Partners (GMLP) has a 1-year low of $25.52 and a 1-year high of $39.05. The stock’s 50-day moving average is currently $30.21.
Golar LNG Partners LP (Golar LNG Partners) 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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