Shares of Cool Company Ltd. (NYSE:CLCO – Get Rating) saw unusually-high trading volume on Tuesday following a dividend announcement from the company. Approximately 137,130 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 107,040 shares.The stock last traded at $12.54 and had previously closed at $12.06.
The newly announced dividend which will be paid on Friday, June 9th. Shareholders of record on Thursday, June 1st will be given a $0.41 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.64 dividend on an annualized basis and a yield of 12.29%.
Analysts Set New Price Targets
Separately, B. Riley initiated coverage on Cool in a research report on Tuesday, April 25th. They issued a “buy” rating for the company.
Cool Price Performance
Institutional Investors Weigh In On Cool
Cool Company Profile
Cool Company Ltd. is an owner, operator and manager of fuel-efficient liquefied natural gas carriers. It provides charterers and third-party LNG vessel owners with modern and flexible management and transportation solutions. Cool Company Ltd. is based in Bermuda.
- Get a free copy of the StockNews.com research report on Cool (CLCO)
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