Cheniere Energy, Inc. (LNG) to Distribute Quarterly Dividend of $0.56 on August 18th

Cheniere Energy, Inc. (NYSE:LNG) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Monday, August 10th will be given a dividend of 0.555 per share by the energy company on Tuesday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, August 10th.

Cheniere Energy has a payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cheniere Energy to earn $16.89 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 13.1%.

Cheniere Energy Stock Up 2.7%

Shares of Cheniere Energy stock opened at $258.99 on Thursday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $300.89. The stock has a market capitalization of $54.27 billion, a price-to-earnings ratio of 42.60 and a beta of -0.01. The company’s 50 day moving average price is $245.08 and its 200-day moving average price is $243.64.

Hedge Funds Weigh In On Cheniere Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Northside Capital Management LLC boosted its holdings in shares of Cheniere Energy by 0.3% during the 2nd quarter. Northside Capital Management LLC now owns 43,164 shares of the energy company’s stock valued at $10,317,000 after buying an additional 113 shares in the last quarter. Fiduciary Financial Group LLC bought a new stake in Cheniere Energy during the second quarter worth about $314,000. Ausbil Investment Management Ltd grew its holdings in Cheniere Energy by 45.8% in the second quarter. Ausbil Investment Management Ltd now owns 48,440 shares of the energy company’s stock worth $11,815,000 after purchasing an additional 15,220 shares during the period. Community Financial Services Group LLC bought a new position in shares of Cheniere Energy during the second quarter valued at approximately $29,000. Finally, Sapient Capital LLC lifted its holdings in shares of Cheniere Energy by 3.6% during the second quarter. Sapient Capital LLC now owns 4,149 shares of the energy company’s stock valued at $992,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.