Cheniere Energy, Inc. (LNG) To Go Ex-Dividend on November 9th

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.6250 per share by the energy company on Tuesday, November 17th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 9th. This is a 12.6% increase from Cheniere Energy’s previous quarterly dividend of $0.5550.

Cheniere Energy has a payout ratio of 63.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cheniere Energy to earn $22.24 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 11.2%.

Cheniere Energy Stock Performance

NYSE LNG opened at $278.00 on Friday. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $330.73. The company’s fifty day moving average is $283.48 and its two-hundred day moving average is $258.02. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76. The firm has a market capitalization of $56.77 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 0.96 and a beta of 0.01.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.08% and a return on equity of 26.73%. The business’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.30 earnings per share. Equities research analysts forecast that Cheniere Energy will post 21.74 EPS for the current year.

About Cheniere Energy

Cheniere Energy, Inc is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment.

The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.

Founded in 1996, Cheniere initially developed LNG import infrastructure before shifting its focus to U.S.