Golar LNG isn't full of hot air when it comes to dividend pronouncements. The company has declared its latest quarterly distribution, which amounts to $0.45 per share to be paid "on or about" June 27 to shareholders of record as of June 13. That amount is a 6% improvement over the previous two disbursements of $0.425 apiece, both of which were paid simultaneously last December.
The firm is a steady dividend payer, although its amounts can vary from quarter to quarter. Since early 2007, its regular distribution has ranged from $0.05 to $0.50 per share.
The new dividend annualizes to $1.80 per share. That yields 5.3% at Golar LNG's most recent closing stock price of $34.00.
The article Golar LNG Raises Dividend originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Golar LNG. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.