The GasLog Ltd to Issue Quarterly Dividend of $0.14 (GLOG)

The GasLog Ltd to Issue Quarterly Dividend of $0.14 (GLOG)

GasLog has increased its dividend by an average of 7.6% annually over the last three years. GasLog has a dividend payout ratio of 329.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect GasLog to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 80.0%.

GasLog Ltd (NYSE:GLOG) announced a quarterly dividend on Friday, May 5th. Shareholders of record on Monday, May 15th will be given a dividend of 0.14 per share by the shipping company on Thursday, May 25th. This represents a $0.56 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Thursday, May 11th.

Shares of GasLog (NYSE:GLOG) opened at 13.25 on Monday. GasLog has a 1-year low of $11.58 and a 1-year high of $17.85. The firm has a 50-day moving average price of $13.71 and a 200-day moving average price of $15.35. The company’s market capitalization is $1.07 billion. GasLog (NYSE:GLOG) last posted its quarterly earnings data on Friday, May 5th. The shipping company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. GasLog had a negative return on equity of 0.14% and a negative net margin of 10.57%. The firm had revenue of $128.30 million during the quarter, compared to analyst estimates of $129.35 million. During the same period last year, the company posted ($0.09) EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. Equities analysts anticipate that GasLog will post $0.26 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in GasLog by 57.9% in the first quarter. Bank of America Corp DE now owns 28,276 shares of the shipping company’s stock valued at $435,000 after buying an additional 10,371 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of GasLog by 16.1% in the first quarter. Geode Capital Management LLC now owns 67,250 shares of the shipping company’s stock worth $1,032,000 after buying an additional 9,320 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of GasLog by 6.5% in the first quarter. Teachers Advisors LLC now owns 72,941 shares of the shipping company’s stock worth $1,120,000 after buying an additional 4,421 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of GasLog by 7.9% in the first quarter. Vanguard Group Inc. now owns 209,857 shares of the shipping company’s stock worth $3,221,000 after buying an additional 15,372 shares during the last quarter. Institutional investors and hedge funds own 46.61% of the company’s stock.

About GasLog GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GLOG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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