Golar LNG Stock To Go Ex-dividend Tomorrow (GLNG)

NEW YORK ( TheStreet) -- The ex-dividend date for Golar LNG (Nasdaq: GLNG) is tomorrow, December 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $44.27 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Golar LNG has been 620,900 shares per day over the past 30 days. Golar LNG has a market cap of $3.51 billion and is part of the services sector and transportation industry. Shares are up 193.1% year to date as of the close of trading on Tuesday.

Golar LNG Limited, a mid-stream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction and trading of LNG. It acquires, owns, operates, and charters LNG carriers and floating storage regasification units (FSRUs). The company has a P/E ratio of 4396, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Golar LNG as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Golar LNG Ratings Report.

See our dividend calendar or top-yielding stocks list.

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