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Golar Lng, known for developing the world’s first Floating LNG liquefaction terminal (FLNG (OL:FLNG)) and Floating Storage and Regasification Unit (FSRU), has also completed Front End Engineering and Design (FEED) studies for a larger newbuild FLNG solution. The firm is exploring opportunities for the floating production of blue and green ammonia, as well as carbon reduction in LNG production.
On August 10, 2023, Golar Lng declared a regular quarterly dividend of $0.25 per share ($1.00 annualized), paid out to shareholders on record as of August 21, 2023, on August 29, 2023. At the current share price of $23.13/share, this translates to a dividend yield of 4.32%. Over the past five years, the average dividend yield has been 2.81%, with the highest being 4.69% and the lowest at 1.04%. The current dividend yield is significantly higher than the historical average by 1.48 standard deviations.
Institutional ownership currently includes 394 funds or institutions holding positions in Golar Lng – a decrease of 22 owners or 5.29% in the last quarter. Total shares owned by institutions have decreased by 2.59% to 81,022K shares over the last three months. Among the shareholders, Orbis Allan Gray holds 7,604K shares (7.17% ownership), Rubric Capital Management owns 6,457K shares (6.09% ownership), and Millennium Management holds 4,295K shares (4.05% ownership).
The put/call ratio for GLNG stands at 0.48, indicating a bullish market sentiment.
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