Excelerate Energy, Inc. (NYSE:EE) to Issue Quarterly Dividend of $0.09

Excelerate Energy, Inc. (NYSE:EE) announced a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 19th will be given a dividend of 0.09 per share on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 19th. This is a 12.5% increase from Excelerate Energy’s previous quarterly dividend of $0.08.

Excelerate Energy has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Excelerate Energy to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.1%.

Excelerate Energy Price Performance

NYSE:EE opened at $38.27 on Friday. The stock has a 50 day moving average of $36.34 and a two-hundred day moving average of $35.98. Excelerate Energy has a 12 month low of $21.28 and a 12 month high of $43.17. The firm has a market cap of $4.36 billion, a P/E ratio of 31.11, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.53.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The firm had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s revenue was up 37.6% on a year-over-year basis. On average, analysts expect that Excelerate Energy will post 1.52 earnings per share for the current fiscal year.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.